UBS Maintains a 'Neutral' on LSI Corporation (LSI); In Line Q3 with Soft Guidance Due to HDD

UBS maintains a 'Neutral' on LSI Corporation (NYSE: LSI) price target cut $1 to $6.

UBS analyst says, "In line September quarter results, outlook impacted by HDD constraints...Due to near term headwinds arising out of the Thai floods affecting HDD supply and softness in networking, we reduce CY12E Rev -6% to $2.1bn and EPS by -21% to 46c. Despite this, we believe that fundamentals continue to improve as traction at STX for enterprise HDD should continue and design wins on client platforms should begin continue to ramp as well, once supply normalcy is restored."

For more ratings news on LSI Corporation click here and for the rating history of LSI Corporation click here.

Shares of LSI Corporation closed at $5.93 yesterday.

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