UPDATE - UBS Downgraded Linear Technology (LLTC) to Neutral; Valuation Call
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Price: $65.00 --0%
Rating Summary:
1 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
Rating Summary:
1 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
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UPDATE - UBS downgraded Linear Technology (NASDAQ: LLTC) from Buy to Neutral. PT unchanged at $35.
Analyst, Uche Orji, said, "While our sector view remains positive, we note that the pace of recovery in industrial markets, especially China, is not fast enough to justify the valuation at 17x P/E; furthermore at 75% gross margin we see limited margin leverage in LLTC (unlike ADI). We downgrade to Neutral & within the analog sector we prefer ADI on margin leverage & Maxim on smartphone leverage (~32% of rev)."
To see more ratings on LLTC, Click Here
Analyst, Uche Orji, said, "While our sector view remains positive, we note that the pace of recovery in industrial markets, especially China, is not fast enough to justify the valuation at 17x P/E; furthermore at 75% gross margin we see limited margin leverage in LLTC (unlike ADI). We downgrade to Neutral & within the analog sector we prefer ADI on margin leverage & Maxim on smartphone leverage (~32% of rev)."
To see more ratings on LLTC, Click Here
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