UPDATE: Morgan Stanley Reiterates Overweight Rating, Removes PT on Linear Technology Corporation Ahead of Earnings Call

In a report published Wednesday, Morgan Stanley analyst Craig Hettenbach reiterated an Overweight rating on

, but removed the $48.00 price target. In the report, Morgan Stanley noted, “All eyes are on Linear's earnings call tomorrow following the sharp sell-off in the SOX after MCHP warned. While acknowledging business is weaker, we also find some relief, particularly regarding inventory conditions.” Linear Technology Corporation closed on Tuesday at $39.03.