Jefferies Upgrades Lattice Semiconductor (LSCC) to Buy

November 11, 2011 6:57 AM EST
Get Alerts LSCC Hot Sheet
Price: $7.12 -0.56%

Rating Summary:
    6 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies upgraded Lattice Semiconductor (NASDAQ: LSCC) from Hold to Buy with a price target of $8 (up from $6).

The firm said their checks show that Lattice's strategic focus on mid-range and low-end FPGA/PLD is likely to continue driving share gains from 10x larger competitors Altera (Nasdaq: ALTR) and Xilinx Inc. (Nasdaq: XLNX).

"Our discussions with management increase our confidence that recent restructuring actions are likely to deliver improving operating leverage. We expect the stock to be revalued higher as investors appreciate the changes at Lattice."

For an analyst ratings summary and ratings history on Lattice Semiconductor click here. For more ratings news on Lattice Semiconductor click here.

Shares of Lattice Semiconductor closed at $6.14 yesterday.

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