Equity Insights Mar. 21st: Cree, Research In Motion, Servicesource, Affiliated Managers, Focus Media

Research In Motion Limited (NASDAQ:RIMM): Morgan Stanley said Jabil Circuit’s (NYSE:JBL) weak handset results support its below Street estimates for Research in Motion. Shares are Equal Weight rated.

Cree Inc. (NASDAQ:CREE): Morgan Stanley said LED consumer growth remains uncertain and that Cree’s valuation prices in top line growth. Shares are Equal Weight rated.

Servicesource International Inc (NASDAQ:SREV): Morgan Stanley said underlying growth in ServiceSource’s installed base will drive shares higher and they see upside to estimates. Shares are Overweight rated with a $21 price target.

Affiliated Managers Group Inc. (NYSE:AMG): Citigroup believes Affiliated Managers’ acquisition of Veritable could be the first in a series of transactions that could unlock significant shareholder value. The firm raised its price target for shares and keeps a Buy rating on the stock.

Focus Media Holding Ltd. (NASDAQ:FMCN): Morgan Stanley notes Focus Media’s discounted valuation, sales growth, and new interactive ad services. Shares are Overweight rated.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com