Morgan Keegan reiterated its Buy rating on RF Micro Devices RFMD 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.
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Posted In: Analyst ColorAnalyst RatingsInformation TechnologyMorgan Keeganrf micro devicesSemiconductors
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