Morgan Keegan Reiterates Market Perform on OmniVision Technologies

Morgan Keegan is out with its report today on OmniVision Technologies OVTI, reiterating Market Perform. In a note to clients, Morgan Keegan writes, "We continue to believe the risk/reward ratio is unfavorable given the increased competition and high dependence on Apple products, which could lead to pressure on the stock if a second supplier is brought on board for the iPhone 5. Reiterating our Market perform rating." Morgan Keegan maintains a $34 PT on OVTI. At the time of posting, shares of OVTI were trading pre-market at $35.35, down 0.08% from Tuesday's close.