Equity Insights April 30th: LSI, Mylan, Ford, True Religion, Joy Global

Ford Motor Co. (NYSE:F): After Ford’s stock dropped on Friday due to concerns about its Q2 outlook, RBC Capital believes that 2012 estimates for the company remain too low. The firm thinks that concerns over the company’s Q2 outlook are overdone and it maintains an Outperform rating on the stock.

LSI Corporation (NYSE:LSI): Lazard Capital believes confusion surrounding LSI’s growth in HDD sales has created an opportunity to accumulate shares. The firm does not think LSI has been over-shipping demand at Seagate despite some talk to contrary last week.

Mylan, Inc. (NASDAQ:MYL): Following a management meeting, Morgan Stanley said Mylan’s believes investors underappreciate the company’s outlook and the firm continues to expect earnings growth to accelerate in 2H 2012. Shares are Overweight rated.

True Religion Apparel Inc. (NASDAQ:TRLG): Brean Murray remains confident in their in Q1 earnings estimate for True Religion and believes investor expectations low the risk/reward remains compelling. The firm said the company’s valuation remains among the lowest in their universe and maintains its Buy rating and $32 price target.

Joy Global, Inc. (NASDAQ:JOY): RBC Capital thinks that Joy Global’s stock is more than discounting currently soft U.S. coal conditions. The firm thinks that the company will be able to meet its targets for its FY12 results, and the firm maintains a $100 target and Outperform rating on the stock.

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