Analyst Alerts: RF Micro Devices, PMFG, Splunk, Joy Global

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RF Micro Devices Inc. (NASDAQ:RFMD): After RF Micro’s stock tumbled 33% following the results of its March quarter, Cantor expects the company to generate good growth and higher margins during the rest of its fiscal year. The firm believes that the company is improving its position with Qualcomm (NASDAQ:QCOM) and Samsung, and it maintains a Buy rating on RF Micro.

PMFG, Inc. (NASDAQ:PMFG): ThinkEquity believes that the expected slowdown of shale gas development and pipeline capital expenditures could create an overhang in PMFG’s stock in the near-term. However, the firm views this as just a short-term slowdown and it continues to have an upbeat longer term view of the stock. The firm maintains a $17 target and Buy rating on the shares. JMP Securities believes that the expected slowdown of shale gas development and pipeline capital expenditures could create an overhang in PMFG’s stock in the near-term. However, the firm views this as just a short-term slowdown and it continues to have an upbeat longer term view of the stock. The firm maintains a $17 target and Buy rating on the shares. A previous article incorrectly stated that ThinkEquity had issued this note.

Splunk Inc (NASDAQ:SPLK): JMP Securities increased its target on Splunk after the company reported stronger than expected Q1 results. The firm maintains an Outperform rating.

Joy Global, Inc. (NASDAQ:JOY): Barclays said macro concerns are an overhang but Joy Global’s risk/reward has improved and views the pullback in shares as a buying opportunity. Shares are Overweight rated with a $88 price target, down from $96.

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