Teledyne price target raised to $630 from $585 at UBS

UBS raised the firm’s price target on Teledyne (TDY) to $630 from $585 and keeps a Buy rating on the shares. Investors had a high bar and were anticipating a larger guidance raise, and management commentary around some possible pull-forward demand in Q2 might have “spooked” some initially, the analyst says. Teledyne is continuing to see healthy trends exiting Q2 into Q3 and management is “simply erring on the side of caution,” the firm argues.