Market Overview

UPDATE: Citigroup Downgrades Linear Technology to Sell on Valuation

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

Citigroup reduced its rating on Linear Technology (NASDAQ: LLTC) from Neutral to Sell and maintained its $32 price target.

Citigroup commented, "[F]actors supporting our Sell thesis – 1) ISIL has chronically under-grown the analog market due to lack of smartphone/consumer exposure; 2) global deleveraging will likely limit ISM rebounds to 52-53, capping revenue upside for LLTC; and 3) longer-term margin pressures will potentially emerge because of increasingly sophisticated power management competitors."

Linear Technology closed at $34.46 on Wednesday.

Posted-In: CitigroupAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (LLTC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters