Goldman Sachs Upgrades LSI Corporation (LSI) to Buy

August 7, 2012 7:43 AM EDT
Get Alerts LSI Hot Sheet
Price: $80.39 +1.12%

Rating Summary:
    12 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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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.

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