Needham & Company Upgrades Silicon Graphics International Corp. (SGI) to Buy; Top Pick for 2015

Needham & Company upgraded Silicon Graphics International Corp. (NASDAQ: SGI) from Hold to Buy with a price target of $12.00 and named the stock a Top Pick for 2015.

Analyst Richard Kugele said, "Looking in to 2015, we see SGI as a name that has limited downside from current levels while offering significant upside if the company can execute on even a subset of its major initiatives. Consequently, we are upgrading to Buy from Hold, instituting a $12 price target and naming the company as one of our top picks for 2015."

For an analyst ratings summary and ratings history on Silicon Graphics International Corp. click here. For more ratings news on Silicon Graphics International Corp. click here.

Shares of Silicon Graphics International Corp. closed at $9.57 yesterday.

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