J.P. Morgan is out with its report today on Linear Technology LLTC, lowering its PT from $34.50 to $31.50.
In a note to clients, J.P. Morgan writes, "LLTC is trading at 13.3X our new C12 EPS estimate, only slightly below the S&P multiple of 14.0X. We are reiterating our Neutral rating as the stock appears fairly valued. We are lowering our December 2011 price target from $34.50 to $31.50, or roughly 14.0X our C12 EPS estimate."
At the time of posting, shares of LLTC were trading pre-market at $30.04, down 0.20% from Wednesday's close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in