Goldman Sachs raised the firm’s price target on Teledyne (TDY) to $615 from $581 and keeps a Buy rating on the shares. The firm notes the company’s Q2 results were ahead of consensus and its model, and Teledyne raised guidance. Management guided Q3 and the rest of the year implying Q2 possibly had pull-forward related to tariff policy. However, the growth rates and margins appear beatable, and the company said it has not seen any actual slowdown in orders thus far through the quarter, while the first half of the year bookings were strong, added Goldman.
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