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Fifth Third Bancorp (NASDAQ:FITB): According to Bank of America Merrill Lynch, Fifth Third Bank may repurchase as much as 13 percent of its market cap above the $600 million approved, which is not expected by the Street. The firm increased its estimates and keeps its Buy rating. The company’s price target has been raised to $16 from $15.
Williams-Sonoma Inc. (NYSE:WSM) estimates have been increased by Goldman to represent improved sales and gross margins. The firm keeps a Buy rating on the stock.
eBay Inc. (NASDAQ:EBAY) company PayPal announced that it will extend its offline strategy by partnering with Discover (NYSE:DFS) to bring PayPal to over 7 million merchant locations across the U.S., and possibly to millions of international merchant locations in the future. Beginning in 2013, Discover is to work with PayPal to allow participating merchants to accept PayPal easily via their existing relationship with Discover.
Walgreen Co. (NYSE:WAG) is deploying Greenway Medical’s (GWAY) electronic health record solution as a way to more closely integrate the healthcare services Walgreens provides in its stores. Currently, the EHR is in over 200 Walgreens stores, with chainwide rollout to its almost 8,000 locations expected to be finished by the end of summer 2013. The WellHealth EHR should deliver to Walgreens pharmacy staff a single patient view capturing their immunization and health testing history with their prescription profile.
Impax Laboratories Inc. (NASDAQ:IPXL): Following a meeting with Impax’s management, Leerink reports that management “seemed highly optimistic that the company was on track for a successful re-inspection/close out” of the warning letter concerning its Hayward manufacturing facility. The firm believes that the stock will increase upon the close of the warning letter, and it keeps an Outperform rating on the stock.
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