Market Overview

UPDATE: Citigroup Downgrades Linear Technology to Sell on Valuation

Share:
Related LLTC
Benzinga's Volume Movers
Linear Tech Cautions 'It Remains Difficult To Forecast In The Current Environment'

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.

Latest Ratings for LLTC

DateFirmActionFromTo
Jan 2016SunTrust Robinson HumphreyMaintainsNeutral
Oct 2015JefferiesMaintainsBuy
Jul 2015BMO CapitalMaintainsMarket Perform

View More Analyst Ratings for LLTC
View the Latest Analyst Ratings

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

 

Related Articles (LLTC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters