As previously reported, Northland analyst Gus Richard downgraded Teradyne (TER) to Market Perform from Outperform with a price target of $270, up from $186. While the firm “significantly” lifts its estimates after the company reported a strong quarter and guidance, it believes earnings are nearing a peak and is downgrading shares on valuation.
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Read More on TER:
- Teradyne price target raised to $325 from $200 at TD Cowen
- Teradyne price target raised to $325 from $280 at Stifel
- Teradyne downgraded to Market Perform from Outperform at Northland
- Teradyne price target raised to $335 from $275 at Susquehanna
- Teradyne price target raised to $305 from $195 at Baird