Teledyne price target raised to $720 from $645 at Stifel

Stifel analyst Jonathan Siegmann raised the firm’s price target on Teledyne (TDY) to $720 from $645 and keeps a Buy rating on the shares after the company reported strong Q4 revenues and earnings above estimates and gave “solid” 2026 guidance. The firm calls the stock “an attractive option to gain exposure to some of the most attractive growing areas of defense,” namely drones and national security, without the near-term “nosebleed valuation multiples typical with the pure-play defense tech stocks.”