Bank of America weighs in on Warner Chilcott's (WCRX +2%) announcement that it's reviewing...


Bank of America weighs in on Warner Chilcott's (WCRX +2%) announcement that it's reviewing strategic alternatives, saying that "While it is difficult to predict the potential outcome of the strategic review, the process is consistent with our view that building shareholder value is a priority for the company." The bank notes that expense cuts, which could materialize in a sale scenario, would lead to substantial upside to the stock's DCF value.

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