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UPDATE: FBR Capital Markets Reiterates Underperform Rating, Lowers PT on Linear Technology

Related LLTC
Linear Technology Beats on Q4 Earnings on Increased Volumes
Wednesday Morning Earnings Reports

In a report published Monday, FBR Capital Markets reiterated its Underperform rating on Linear Technology Corporation (NASDAQ: LLTC), but lowered its price target from $31.00 to $28.50.

FBR noted, “While Linear Technology is a fantastic and well-run chip firm with industry-high gross and operating margins, we believe that few operational improvement opportunities remain (a testament to management's execution), that margins cannot move much higher, and that the firm walks away from too much business (Apple, among others) in order to keep its margin structure intact. Further, we have heard of some macro-driven deterioration in industrial and defense shipments of late.”

Linear Technology Corporation closed on Friday at $30.10.

Latest Ratings for LLTC

DateFirmActionFromTo
Jul 2014NomuraMaintainsNeutral
Apr 2014CitigroupDowngradesBuyNeutral
Apr 2014ISI GroupInitiates Coverage onCautious

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Posted-In: FBR Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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