Con-Way Facing Slowdown Risks and 4 Stock Analyses Buzzing on The Street

Zumiez, Inc. (NASDAQ:ZUMZ):  Following a strong start to the month, William Blair lowered their September same store sales estimate for Zumiez, Inc. to up 1%-2% from 4% as they believe that the company’s sales trends slowed. The firm added that the markdown levels in the third quarter are somewhat above those in the second quarter. However, they think that investor sentiment is already weak and reiterate an Outperform rating on the stock.

Mattress Firm Holding Corp. (NASDAQ:MFRM): William Blair noted that according to the International Sleep Products Association, sales of mattresses and foundations increased 8.1% in August. The firm viewed the sales as healthy and believes that the data confirms a solid start to Mattress Firm Holding Corp.’s third quarter. William Blair sees the company’s valuation as attractive and keeps an Outperform rating on the name.

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Foot Locker, Inc. (NYSE:FL):  Given the strong back-to-school season and continued momentum in basketball, Morgan Stanley has a more favorable view of Foot Locker, Inc.’s sales trends heading into the holiday. The firm raised their fiscal year 2013 earnings estimate but maintains their Equal Weight rating due to valuation.

RF Micro Devices Inc. (NASDAQ:RFMD):  Cantor believes that RF Micro Devices Inc., has two components in the Apple’s (NASDAQ:AAPL) iPhone 5 relating to Antenna Control Modules and estimates RF’s content is worth approximately 80c-$1.00 per phone. The firm said that by the end of 2012, RF Micro Devices’ top two customers could be Apple and Samsung. Nokia (NYSE:NOK) and Research in Motion (NASDAQ:RIMM) were in the top three in 2011. Cantor anticipates that the company is turning the corner and keeps a Buy rating on the stock with an $8 price target.

Con-way Inc. (NYSE:CNW):  Citigroup believes that slowing freight volumes and margin pressures create risk to the third and fourth quarter consensus estimates for Con-way Inc. The firm lowered their third quarter earnings estimate to 53c, 10c below the consensus, and dropped their price target for shares from $36 to $31 while keeping a Neutral rating on their stock.

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