Linear Technology price target raised to $42 from $38 at Stifel Nicolaus Stifel Nicolaus increased its target on Linear Technology after the company reported lower than expected Q2 EPS, as the firm noted that the company's bookings rebounded significantly in December and it thinks the macroeconomic outlook for the company improved. The firm maintains a Buy rating on the stock.
Linear Technology removed from Best Ideas List at Morgan Stanley Morgan Stanley removed Linear Technology from the Best Ideas List based on catalysts taking longer than expected to materialize. The firm said cap-ex improvement in industrials has not translated yet to an upside in estimates and near-term cash return expectations have been too aggressive. Shares remain Overweight rated due to strong growth and its leading power management position.