Morgan Keegan Reiterates Outperform and PT of $8.50 on RF Micro Devices

Morgan Keegan reiterated its Outperform rating on RF Micro Devices RFMD. At the same time, the rating agency left its price target on the company's stock unchanged at $8.50. On Tuesday, RFMD added 1.74% to its value to end the day at $6.45. Its shares continued to climb in today's pre-market trading, rising 6.67% to stand around $6.88.