BMC Provides Color on Electronics For Imaging

BMC provided color on Electronics For Imaging EFII. In a research report published today, the rating agency commented on the company's Q2 performance. In the report, BMC states, “EFI reported very solid Jun Q results. Despite Japanese supply chain impacts during the quarter, revenue and EPS of $141M and $0.23 exceeded Street estimates of $136M and $0.20. EFI saw strength across all business segments, and seems to expect ongoing momentum through 2011 from products cycles across controllers, industrial inkjet printers, and software.” At the moment, BMC has a Buy rating and a price target of $23 placed on the company's stock. On Thursday, EFII added 0.58% to its value to end the day at $17.47.