Buy - Price 7.77 on May 6 by Morgan Joseph ALVR provides last-mile wireless solutions that replace or supplement existing wireline-communications infrastructure in low teledensity regions. WiMAX revenue in March...was up 58% year/over/year...We're lowering our target to 11 from 15 [but] remain staunch supporters of ALVR on...potential for more positive revenue/earnings surprises...a Sprint-Clearwire partnership [announced May 7] and capital infusion could help turn investors toward [this] equipment pure-play. Market cap: $501 million.

Market Outperform - Price 12.47 on May 6 by Rodman & Renshaw [ATRC's proprietary cardiac-ablation technology enables minimally invasive, or MIS, procedures.] First-quarter sales of MIS surgical devices were a solid $4.9 million, up 65%...signaling healthy market adoption. Revenue of $13.5 million [was] up 26%. EPS loss, 25 cents, was slightly below our and Street estimates. 1Q gross margin reflected impact of new-product introductions. ATRC trades at 2.3 times our '09 revenue estimate...[same as] the small-cap average. Target: 15. Market cap: $177 million.

Neutral - Price 24.08 on May 6 by UBS EAS had a disappointing quarter, [including] 8% decrease in 1Q EPS, to 83 cents, from 90 cents in 1Q07...we're lowering our 2008/'09/'10 estimates to $.1.50/$1.55/$1.55...and await final outcome of EAS' acquisition by [Spanish utility] Iberdrola... [The deal's been endorsed]...by New York Sen. Charles Schumer...[on] benefits of adding renewable generation in N.Y. Our 24 target is derived using 50/50 probability the deal goes through. This reflects the acquisition price of 28.50 a share and our fair-value estimate ...at 19 if the merger falls apart, derived using a 12.1 times [price/earnings ratio] on our '09 EPS estimate. Market cap: $3.6 billion.

Market Perform - Price 2.90 on May 6 by Avondale Partners XJT reported a loss of 44 cents for the March quarter, versus an 18-cent profit last year...We expect continuing losses as long as the 42-plane independent operation continues. Our 2.50 target assumes that the shares trade near or below the 3.50 recent bid [from SkyWest, which ExpressJet has now rejected] for the foreseeable future. Market cap: $153 million.

Market Perform - Price 36.40 on May 6 by Raymond James The surprise of the quarter was the announced departure of Mark Demilio, chief financial officer...on the heels of CEO Steve Shulman's [departure]...1Q08 EPS was 43 cents, 1 cent above our view/in line with the Street. The upside was attributable to lower-than-expected stock-compensation expense. Segment profit came in at $51.7 million, in line with our estimate. Radiology...performed better than expected, while commercial and public sector [units] lagged. 2008E P/E is 18.8 times. Market cap: $1.47 billion.

Buy - Price 125.68 on May 6 by Jesup & Lamont PCP makes complex metal components for aerospace and industry. Due to strong end-markets and operational improvements... we've raised EPS [estimates] for fiscal 2009, to $7.83 (prior $7.55), on revenue of $7.74 billion (prior $7.76 billion); and for F10, to $8.88 (prior $8.57) on revenue of $8.75 billion (prior $8.77 billion). 2008 P/E is 17.5 times. Target: 155. Market cap: $17.6 billion.

Strong Buy - Price 16.66 on May 7 by Wedbush Morgan Raising target to 25; was 23. SYN provides tech services to wireless-telecom companies. We expect shares to rally...on solid Q1 results and increased guidance, which surpassed our most optimistic expectations. SYN reported Q1 cash EPS of 37 cents on $115 million revenue...upside was driven primarily from...strength in messaging, mobile-data services, and international expansion. Market cap: $1.1 billion.