November 17, 2015 / 1:16 PM / 2 years ago

BUZZ-MS says "too much smoke" for comfort on Valeant, slashes PT

** Morgan Stanley takes the knife to its earnings estimates and price target for Valeant on the impact of Philidor and consequent hit to co's US business

** "No wildfire, but too much smoke for our comfort," say analysts at Morgan Stanley, who cut their PT to $98 from $200 and cut 2016 EPS estimates by 11 pct

** Valeant, worth about $90 bln in early August and briefly Canada's most valuable company, has seen its market value slump to $25 bln as of Monday's close

** The latest fund disclosure reports showed large hedge funds piling into Valeant shares during Q3

RM: vikram.subhedar.thomsonreuters.com@reuters.net

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