Active Stock Alerts: MYRG, Quality Systems, BCD Semi, Microchip Tech, PVH May 11th
MYR Group, Inc. (NASDAQ:MYRG): After MYR Group reported Q1 results that Stifel Nicolaus sees as very strong but a backlog decline triggered an 11% sell-off in the shares, Stifel Nicolaus is confident that the company will benefit from continued growth in spending on transmissions. The firm expects the company to generate record backlogs in late 2012 and it maintains a Buy rating.
Quality Systems Inc. (NASDAQ:QSII): Maxim lowered its estimates and price target for Quality Systems citing the company’s disappointing Q4 results and guidance, but maintains a Buy rating on the stock. The firm recommends buying shares on the recent weakness.
BCD Semiconductor Manufacturing Limited – American Depositary Shares (NASDAQ:BCDS): After BCD reported stronger than expected Q1 results and provided higher than expected Q2 revenue guidance, Stifel Nicolaus believes that the company is seeing improved demand and generating higher margins. The firm views the stock’s valuation as exceptionally attractive and maintains a Buy rating.
Microchip Technology Inc. (NASDAQ:MCHP): After meeting with Microchip’s (NASDAQ:MCHP) CFO, Stifel Nicolaus believes that the company’s business is steadily growing. The firm thinks that the company’s decision to acquire Standard Microsystems (NASDAQ:SMSC) is in-line with Microchip’s strategy. The firm maintains a Buy rating on the stock.
Phillips-Van Heusen Corp. (NYSE:PVH): Cowen believes PVH Corp manages Street expectations as well as anyone so sees little risk to Q1 results. The firm believes the shares are undervalued and said any positive surprise regarding European sentiment could have a positive effect on the company’s valuation relative to the group. Shares are Outperform rated.
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