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Hospira Inc. (NYSE:HSP): Following Hospira’s announcement that it had received a warning letter for its La Aurora de Heredia, Costa Rica device facility, RBC Capital thinks that the letter is worrisome since it shows that Hospira’s manufacturing issues could be more systemic than investors realize. The firm keeps an Underperform rating on the stock.
H&R Block, Inc. (NYSE:HRB): Morgan Stanley recommends purchasing H&R Block into the Q1 report on September 5. The firm thinks that H&R Block will raise 2013 buybacks more than previously expected and that higher mortgage claims are one time events. Shares have an Equal Weight rating.
Incyte Corporation (NASDAQ:INCY) COO Pat Andrews has resigned from the company, JMP Securities does not predict that this development will have any long-term implications on the outlook for the company’s myelofibrosis treatment, Jakafi. The firm maintains an Outperform rating on the stock.
Pandora Media Inc (NYSE:P) reported stronger than expected results, causing JMP Securities to think that the company continues on the right track while the stock’s risk/reward ratio is attractive. The firm keeps an Outperform rating and a $16 target on the stock.
Splunk (NYSE:SPLK): JMP Securities states that it thinks that Splunk has signed a deal of more than $1 million in the public sector at the beginning of August. The firm believes that any Q2 earnings beat by the company will be limited because of investments by the company in its business, but JMP Securities keeps an Outperform rating on the stock.
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