UPDATE: Morgan Keegan Raises PT on Coleman Cable to $14 (CCIX)

Morgan Keegan is out with its report today on Coleman Cable

, raising its PT from $10 to $14. In a note to clients, Morgan Keegan writes, "We are now forecasting adjusted EPS of $0.32 on revenue of $198.4 million for 2Q11. Looking long-term, we still like CCIX as a small-cap value play as margins have continued to improve and underlying markets are strengthening. Price target increased to $14." Morgan Keegan maintains Outperform on CCIX. At the time of posting, shares of CCIX were trading at $11.91, up 4.79% from Friday's close.