Stock Insights: Hewlett-Packard, Cepheid, Alliance Data, Baxter, Sysco April 20th

Hewlett-Packard Company (NYSE:HPQ): Hewlett-Packard removed from the short-term sell list at Deutsche Bank

Cepheid (NASDAQ:CPHD): William Blair recommends using the weakness in shares of Cepheid after the company reported gross margin well below expectations as a buying opportunity. The firm attributes the weaker than expected margin to increased freight costs, higher scrap rates, and a change in accounting and keeps an Outperform rating on the name.

Alliance Data Systems Corporation (NYSE:ADS): RBC Capital increased its target on Alliance Data after the company reported higher than expected Q1 EPS. The firm thinks that the stock will continue to advance and it maintains an Outperform rating on the shares.

Baxter International Inc. (NYSE:BAX): After Baxter reported stronger than expected Q1 results but lower than expected operating margins, RBC Capital thinks that the recent drop in the shares has made Baxter a value stock and removed some risk. The firm maintains an Outperform rating.

Sysco Corp. (NYSE:SYY): Credit Suisse said Chairman Fernandez’s move to an operational role indicates further issues with the SAP roll-out. The firm’s checks continue to indicate risk to consensus estimates and downside to shares and the analyst recommends avoiding shares. Shares are Underperform rated with a $23 price target.

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