UPDATE: Citi Raises Linear Technology's PT

According to a research report, Citi raises Linear Technology's LLTC price target from $31 to $36. Citi continued, “We anticipate LLTC will guide Jun-Q to grow 4%-8% to $321M-334M, vs. the Street's +5.3%/$329M. Continued industrial recovery (39% bookings) and automotive strength (17% bookings) could drive growth above its 4% 10-yr seasonality. LLTC closed yesterday at $32.93 as Citi maintains its Neutral rating.