Market Overview

UPDATE: Morgan Stanley Upgrades LSI Corporation on Position to Benefit from Industry Trends

Related LSI
Morgan Stanley Hikes Atmel Target To $12, Notes 'Strategic Value' In Shares
Stocks Hitting 52-Week Highs
Lonestar West Announces Q– —…–6 Financial Results (GuruFocus)

In a report published Wednesday, Morgan Stanley analyst Joseph Moore upgraded the rating on LSI Corporation (NASDAQ: LSI) from Equal-Weight to Overweight, and named a $10.00 price target.

In the report, Morgan Stanley noted, “LSI is well positioned to benefit from industry trends with its refreshed product portfolio (SSD, PCIe WarpDrive, 12 Gb/s SAS, Axxia). HDDs gain share in Desktop (likely WDC) with Enterprise HDD share-loss reversing as OEMs seek SoC supplier equilibrium. We are broadly inline with consensus for 2014/2015, forecasting $0.73/$0.85 of EPS on a non-GAAP basis. With the stock trading on 11x 2015 earnings (based on MW EPS, incl. stock comp), we see some room for upside from here, more so if we see gains within WDC or client SSD.”

LSI Corporation closed on Tuesday at $8.02.

Latest Ratings for LSI

Dec 2013Morgan StanleyDowngradesOverweightEqual-weight
Dec 2013Craig-HallumDowngradesBuySell
Dec 2013Lazard Capital MarketsDowngradesBuyNeutral

View More Analyst Ratings for LSI
View the Latest Analyst Ratings

Posted-In: Joseph Moore Morgan StanleyAnalyst Color Upgrades Analyst Ratings


Related Articles (LSI)

View Comments and Join the Discussion!