Morgan Stanley Maintains Equal-weight on Lattice Semiconductor's Lowered Guidance

Morgan Stanley has published a research report on Lattice Semiconductor

after the company reduced its guidance. In the report, Morgan Stanley writes, "LSCC lowered its 4Q11 sales guidance to down 14% to 17% from its previous guidance of down 4%-9%. Not surprising following ALTR's guidance revision yesterday, we view LSCC's downward guidance as further evidence of macro uncertainty weighing down on overall industry demand. That said, we remain on the sidelines until new greenfield opportunities start to ramp, and LSCC gains traction by broadening its customer base, particularly in its consumer end market." Morgan Stanley maintains its Equal-weight rating on Lattice Semiconductor, which is currently trading down $0.20 from yesterday's $6.59 closing price.