Barclays Maintains an 'Overweight/Top Pick' on LSI Corporation (LSI); Analyst Day Highlights Affirm Run Not Over
Tweet
Share
E-mailGet Alerts LSI Hot Sheet
Price: $133.10 --0%
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
Join SI Premium – FREE
Barclays maintains an 'Overweight' on LSI Corporation (NYSE: LSI) price target raised from $10 to $12.
Analyst, C.J. Muse and Blayne Curtis, highlighted points from LSI's Analyst Day: 1) HDD share gains - targeting 50% market share (vs. 30-35% today) and indicated WDC ramp is on track for 2H12; 2) Flash ramps - see growth of 100-150% in CY12 (~$130-165M) vs. our ~$130M estimate with new PCIe wins at Oracle (Nasdaq: ORCL) and IBM (Nasdaq: IBM) announced; and 3) Networking wins - LSI is targeting 50% share of the multicore sockets in basestations with a win at Ericsson (Nasdaq: ERIC).
Barclays raised FY12 EPS estimate from $0.62 to $0.71 and FY13 from $0.76 to $0.83. FY12 revs also bumped from $2.454 bln to $2.595 bln and FY13 from $2.627 bln to $2.77 bln
For an analyst ratings summary and ratings history on LSI Corporation click here. For more ratings news on LSI Corporation click here.
Shares of LSI Corporation closed at $9.14 yesterday.
Analyst, C.J. Muse and Blayne Curtis, highlighted points from LSI's Analyst Day: 1) HDD share gains - targeting 50% market share (vs. 30-35% today) and indicated WDC ramp is on track for 2H12; 2) Flash ramps - see growth of 100-150% in CY12 (~$130-165M) vs. our ~$130M estimate with new PCIe wins at Oracle (Nasdaq: ORCL) and IBM (Nasdaq: IBM) announced; and 3) Networking wins - LSI is targeting 50% share of the multicore sockets in basestations with a win at Ericsson (Nasdaq: ERIC).
Barclays raised FY12 EPS estimate from $0.62 to $0.71 and FY13 from $0.76 to $0.83. FY12 revs also bumped from $2.454 bln to $2.595 bln and FY13 from $2.627 bln to $2.77 bln
For an analyst ratings summary and ratings history on LSI Corporation click here. For more ratings news on LSI Corporation click here.
Shares of LSI Corporation closed at $9.14 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BioMarin Pharmaceutical Inc. (BMRN) PT Raised to $85 at Scotiabank
- IBM (IBM) PT Lowered to $185 at JPMorgan
- Goldman Sachs Upgrades Akzo Nobel NV (AKZA:NA) (AKZOY) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
