Morgan Keegan Reiterates Outperform Rating on OSI Systems

Morgan Keegan is out with a research report this afternoon, where it reiterates its Outperform rating on OSI Systems OSIS; it has a $45.00 price target on the stock. The MK analysts cited the company's earnings results; revenues were below estimates, while EPS with in-line. Management issued FY 2012 guidance of $722 - $740 million in revenue and $2.21 - $2.32 in pro forma EPS. As for valuation, the analysts remarked, “We are raising our EPS estimates from $2.20 in FY 2012 and $2.66 in FY 2013 to $2.26 and $2.74, respectively.”