Teledyne assumed with an Equal Weight at Morgan Stanley

Morgan Stanley assumed coverage of Teledyne (TDY) with an Equal Weight rating and $620 price target The firm also updated its Q4 estimates as it takes into account management’s new guidance. The Q4 topline appears well calibrated at $1.57B, modestly above the company’s implied Q4 revenue of $1.56B, the analyst tells investors in a research note.