UBS Cuts Price Target and Estimates in Linear Technology (LLTC); Continues Macro Concerns
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Price: $65.00 --0%
Rating Summary:
1 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Linear Technology (NASDAQ: LLTC) price target of $33.00 (from $35.00).
Analyst, Uche Orji, lowers his estimates for FY13, from $2.21 to $2.14 and FY14 from $2.49 to $2.40. Unfortunately, Orji, sees challenges with the company continue to keep up industrial revenues. All three main areas where LLTC focus business, (US, Europe and China) are showing signs of industrial slowing. As well, automotive, which has been robust, now looks like it's cooling.
In the end, Orji, said, "Furthermore, lead times remain low, and therefore any restocking driven upside is unlikely till we see sustained improvement in end-market demand."
For an analyst ratings summary and ratings history on Linear Technology click here. For more ratings news on Linear Technology click here.
Shares of Linear Technology closed at $31.03 yesterday.
Analyst, Uche Orji, lowers his estimates for FY13, from $2.21 to $2.14 and FY14 from $2.49 to $2.40. Unfortunately, Orji, sees challenges with the company continue to keep up industrial revenues. All three main areas where LLTC focus business, (US, Europe and China) are showing signs of industrial slowing. As well, automotive, which has been robust, now looks like it's cooling.
In the end, Orji, said, "Furthermore, lead times remain low, and therefore any restocking driven upside is unlikely till we see sustained improvement in end-market demand."
For an analyst ratings summary and ratings history on Linear Technology click here. For more ratings news on Linear Technology click here.
Shares of Linear Technology closed at $31.03 yesterday.
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