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Endo Health Solutions (ENDP -4.5%) trades lower after cutting its 2013 guidance yesterday due to...

Endo Health Solutions (ENDP -4.5%) trades lower after cutting its 2013 guidance yesterday due to higher charges related to its core painkiller franchise and generic-drug business. It now expects its EPS to be within a range of $4.40 to $4.70 a share, down from earlier projections of $5.20 to $5.40. Revenue is projected between $2.8B to $2.95B, below previous estimates of $3B to $3.2B. Piper Jaffray cut the shares to Neutral on the news, and lowers its price target to $28.
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