Pacific Crest Initiates Coverage on LSI (LSI)
Analysts at Pacific Crest initiated coverage on shares of LSI (NYSE: LSI) in a research report issued to clients and investors on Wednesday. The firm set an “outperform” rating and a $11.00 price target on the stock.
A number of other firms have also recently commented on LSI. Analysts at Zacks reiterated a “neutral” rating on shares of LSI in a research note to investors on Thursday, May 10th. They now have a $8.25 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of LSI from $10.00 to $12.00 in a research note to investors on Thursday, March 15th. They now have an “overweight” rating on the stock. Finally, analysts at ThinkEquity raised their price target on shares of LSI to $10.00 in a research note to investors on Thursday, March 15th. They now have a “buy” rating on the stock.
Shares of LSI remained flat at $7.58 during during mid-day trading trading on Wednesday. LSI has a one year low of $4.75 and a one year high of $9.20. The company has a market cap of $4.312 billion and a P/E ratio of 11.26.
LSI last posted its quarterly earnings results on Wednesday, April 25th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.06. The company’s quarterly revenue was up 31.4% on a year-over-year basis. Analysts expect that LSI will post $0.20 EPS next quarter.
LSI Corporation (LSI) designs, develops and markets storage and networking semiconductors and storage systems.