UPDATE: Drexel Hamilton Raises Teledyne Technologies' PT

According to a research report published this morning, Drexel Hamilton has increased Teledyne Technologies' TDY PT from $55 to $60. In the report, Drexel Hamilton said, "Revenues are targeted for modest 3.7% and 1.1% year-year gains, reflecting the tug and pull of waning defense exposure as civil programs accelerate. Q1 financials registered solid progress as Teledyne shifts gears from last decade's push into military end markets towards higher value commercial." Drexel Hamilton maintains its Hold rating on Teledyne Technologies, which closed Friday at $65.07.