Wedbush Upgrades LSI Corp (LSI); Risk/Reward Compelling on Improving Hard Disk Drive Supply & Closing of SandForce Acquisition
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Price: $133.10 --0%
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush upgraded LSI Corporation (NYSE: LSI) from Neutral to Outperform, price target raised from $7 to $8.50.
Wedbush analyst says, "We upgrade LSI and increase our PT following its leading OEM Seagate’s (NYSE: STX) better-than-expected Hard Disk Drive (HDD) shipments in Q4 and upbeat outlook for increasing HDD supply in Q1 as well as LSI’s announcement that it closed the acquisition of privately-held SandForce. While we think LSI could face near-term headwinds in its Networking business, we believe this will largely be offset by improving HDD supply as the industry recovers from the Thailand floods and revenue from SandForce, a leading supplier of flash storage processors to the fast growing solid state drive (SSD) market. We think risk/reward is very compelling and recommend investors buy shares of LSI."
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 $6.22 yesterday.
Wedbush analyst says, "We upgrade LSI and increase our PT following its leading OEM Seagate’s (NYSE: STX) better-than-expected Hard Disk Drive (HDD) shipments in Q4 and upbeat outlook for increasing HDD supply in Q1 as well as LSI’s announcement that it closed the acquisition of privately-held SandForce. While we think LSI could face near-term headwinds in its Networking business, we believe this will largely be offset by improving HDD supply as the industry recovers from the Thailand floods and revenue from SandForce, a leading supplier of flash storage processors to the fast growing solid state drive (SSD) market. We think risk/reward is very compelling and recommend investors buy shares of LSI."
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 $6.22 yesterday.
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