Bank of America Comments on Quater at Mentor Graphics Corp

Bank of America has published a research report on Mentor Graphics Corp MENT increasing EPS estimates. In the report, Bank of America wrote, "Fiscal year revenue guidance was left unchanged but leading indicators of new customers and service bookings for MENT as well as the performance of the peer EDA companies (SNPS and CDNS) make the $1.004bn in top line expectation look conservative." Bank of America rated Mentor Graphics Corp a BUY with a price target of $15.00. Mentor Graphics closed Thursday at $8.85.