Morgan Keegan Reiterates Outperform on RF Micro Devices

Morgan Keegan reiterated its Buy rating on RF Micro Devices

after a meeting with the company's management. In a research report published today, Morgan Keegan states, "We had the opportunity to catch up with RFMD's management team and walked away with several incremental data points that reaffirmed our thesis of 1) attractive valuation, 2) ramp of new higher margin products, 3) market share gains and 4) an improving financial structure." At the moment, Morgan Keegan has a price target of $8.50 on the company's stock. On Wednesday, RFMD lost 4.13% of its value to close the day at $6.04. Its shares regained some of yesterday's losses, rising 0.99% to $6.10.