Cypress Semiconductor Corporation (NASDAQ:CY) reported lower than expected revenue for Q2 causing RBC Capital to believe that investor fears regarding a reduction for 2013 estimates for the company are overblown. The firm keeps its Outperform rating but lowers the price target from $24 to $19 on the shares.
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Baxter International Inc. (NYSE:BAX) Q2 results indicate the the company is gaining strong operational growth, according to RBC Capital. The firm believes that the stock is valued more appropriately following recent gains, but believes investors should buy on pullbacks.
VIVUS Inc. (NASDAQ:VVUS): According to Rodman & Renshaw, the pullback yesterday in VIVUS shares is due to an independent research organization’s report questioning the intellectual property position of the company on Qsymia. The firm thinks the report was intended to bring fear and uncertainty, with little new information. Following the sell-off yesterday, the firm recommends buying VIVUS shares and it maintains it Outperform rating on the stock. According to JMP Securities, VIVUS’ weakness yesterday was caused by a Citron Research report presenting no new arguments but including a number of unsubstantiated claims. The firm is confident in the company’s patent strength, and it keeps an Outperform rating and $56 price target on the shares.
Google Inc. (NASDAQ:GOOG) has reported good Q2 revenue and EBITDA which beat expectations, according to RBC Capital. The firm keeps thinking that the fundamentals for the company are solid as it keeps its Outperform rating and $850 price target on the stock.
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