- Arguing catalysts "have been slower to materialize" than expected, Morgan Stanley's Craig Hettenbach has pulled Linear (LLTC +0.3%) from his company's Best Ideas list.
- Nonetheless, Hettenbach is keeping an Overweight rating, and declares the analog/mixed-signal IC vendor to be a core holding due to "its leading power management franchise, strong growth, and superior profitability/returns." He thinks Linear can post 10% revenue growth in an environment of 2%-3% GDP growth.
- Shares have missed out on this year's chip stock rally.