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CROCS Inc. (NASDAQ:CROX): Piper Jaffray recommends adding to Crocs positions following the company’s reports of better than expected Q2 results and its raised its outlook for the year. Piper sees considerable upside to the share value through next 12-months and maintains an Overweight rating with a $29 price target on the stock.
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Whole Foods Market, Inc. (NASDAQ:WFM) reported slightly higher than expected EPS and increased its EPS guidance for FY12, which pleases RBC Capital. The firm keeps its Outperform rating but increased its target on the shares to $103 from $97 on the stock.
Hewlett-Packard Company (NYSE:HPQ): According to Jefferies, Canon’s (NYSE:CAJ) lowered printer guidance could bode badly for Hewlett-Packard’s (NYSE:HPQ) October quarter while HP sources its laser printer engines from Canon. The firm cut its Q3 estimate for Hewlett-Packard to $1.12 from $1.18, which is lower than the consensus estimate of $1.19, and it maintains a Hold rating on the stock.
TPC Group Inc (NASDAQ:TPCG): Following Bloomberg’s report that TPC is in talks to go private at a valuation of approximately $40 per share, not including debt, Oppenheimer thinks that shareholders might view a $40 per share offer as undervaluing the company. The firm believes that the company deserves a higher valuation than the current level, and it keeps a $55 target and Outperform rating on the stock.
Western Digital Corp. (NYSE:WDC) price target was lowered by Brean Murray after strong Q2 results. The firm blamed a replacement capital expenditure decreased but called the quarter stellar. Brean Murray stated that guidance was slightly stronger than expected and mentioned the improvement in gross margins. Shares have a Buy rating.
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