Stifel raised the firm’s price target on Teledyne (TDY) to $645 from $626 and keeps a Buy rating on the shares after the company reported about in-line Q3 revenues and earnings that “failed to impress.” While results this quarter “didn’t offer many new sparks, we do not see it as thesis changing” given that the defense business is “humming” and backlog continues to build, the analyst tells investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDY:
- Teledyne price target lowered to $584 from $606 at Barclays
- Teledyne Technologies: Strong Q3 Performance and Optimistic Future Outlook Despite Conservative Q4
- Teledyne Technologies Reports Record Sales and Raises Outlook
- Teledyne Technologies: Strong Financial Performance and Positive Outlook Support Buy Rating
- Morning Movers: GE Vernova climbs after third quarter earnings