Jefferies Leaves Warner Chilcott Buy Rating, $29 PT Unchanged (WCRX)

Jefferies left its Warner Chilcott WCRX Buy rating and $29 price target unchanged in a research report published today.

In the report, Jefferies states, "Warner Chilcott was successful in refinancing its outstanding term loans. The company issued $3 billion in new debt at a savings of nearly 200 bps. The lower interest rate will boost 2011 cash net income by $0.15."

Shares of Warner Chilcott were at $22.50 in Thursday after hours trading, up 1.31% from Thursday's market close.