Goldman Sachs Upgrades LSI Corporation (LSI) to Buy

Article Stock Quotes (1) Comments (0)

Goldman Sachs upgraded LSI Corporation (NYSE: LSI) from Neutral to Buy with a price target of $9.00 (from $9.00).

The firm sees the potential for both top-line growth and margin expansion, driven by: "(1) Growth in client and enterprise solid state drives (SSDs) given LSI’s best-in-class SSD controller; (2) Growth in networking from new customer design wins as the prior drag from legacy products subsides; (3) Higher gross margin from an increasing mix of solid state and networking products, plus operating margin expansion due to tight opex controls.:

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 $7.24 yesterday, with a 52 week range of $4.75-$9.20.

---

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
• SunTrust Robinson Humphrey Upgrades Whiting Petroleum (WLL) to Buy
• Workday (WDAY) Success Continues but Valuation Lofty, Goldman Maintains Neutral

Create E-mail Alert Related Categories

Upgrades

Related Entities

Goldman Sachs

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?