Jefferies resumes coverage on Lattice Semiconductor (NASDAQ: LSCC) with a Buy rating and a price target of $9.00 (from $8.00) following the merger with Silicon Image.

Analyst Sundeep Bajikar commented, "We are resuming coverage of LSCC with a Buy rating and $9 PT following Lattice's merger with Silicon Image. Lattice has acquired exposure to HDMI, 60GHz, MHL, and other IP, along with a low-power ASIC design flow, which together expand Lattice's earnings potential at a broad range of customers. We believe revenue losses from Samsung in MHL and FPGA have largely played out."

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 $6.19 yesterday.