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Wright Medical Group Inc. (NASDAQ:WMGI): Following Wright Medical’s announcement of in-line Q2 revenue and higher than planned adjusted EPS, RBC Capital thinks the stock will rise, as it thinks the company’s change initiatives keep progressing, and at the same time commentary about the PROFEMUR product was better than predicted. RBC holds to an $18 target and Sector Perform rating on the shares.
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Concur Technologies, Inc. (NASDAQ:CNQR): According to Credit Suisse, Concur turned in impressive Q3 results. The firm plans on steady strong growth in Q4 and next year, and suggests purchase with a reiteration of its Outperform rating. The price target was raised from $78 to $79.
Ellie Mae, Inc. (NYSE:ELLI): JMP Securities upped its target on Ellie Mae following the company’s report of far bigger numbers than planned in Q2 EPS. JMP thinks the company’s guidance was notable strong and reiterates an Outperform rating on the stock.
Halozyme Therapeutics, Inc. (NASDAQ:HALO): Following the issuance of a thorough response letter by the FDA for Halozyme’s HyQ, JMP Securities is more optimistic regarding the company’s SC Herceptin and SC MabThera programs. JMP is reassured that the FDA aims to finish issues with HyQ and SC Cinryze employing pre-clinical studies, and it suggests purchasing Halozyme on continued weakness. The firm lowered its target on the stock from $12 to $9, but maintains an Outperform rating.
ViroPharma Inc. (NASDAQ:VPHM): JMP Securities lowered its target on ViroPharma following the FDA’s issue of a temporary clinical hold on studies mixing Cinryze with ruPH20 because of worries about potential fertility issues. But the firm sees weakness in the stock as a purchasing opportunity before the August 9 PDUFA date for Cinryze manufacturing. JMP holds to an Outperform rating on the stock.
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