Jefferies Upgrades Lattice Semiconductor (LSCC) to Buy
Tweet Send to a Friend
Get Alerts LSCC Hot Sheet
Price: $4.96 -0.4%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade LSCC Now!
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, with a 52 week range of $4.33-$7.38.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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, with a 52 week range of $4.33-$7.38.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- Oracle Investment Research Upgrades Procter & Gamble (PG) to Hold
Create E-mail Alert Related Categories
Hot Upgrades, UpgradesRelated Entities
Jefferies & Co
Login with Facebook
Sign 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!
