UPDATE: DA Davidson Maintains Buy, $26 PT on Teradyne; Company Drivers Overshadow Global Uncertainty

DA Davidson reiterates its Buy rating and $26 price target on Teradyne

as the company's stock drop goes counter to fundamentals. DA Davidson says, "Since reporting strong Q1 results and providing a bullish Q2 outlook (24%-34% sequential revenue growth), shares of TER have retreated ~16% (SOX Index down ~6%). We believe the selloff, largely a function of global macro uncertainty, creates an attractive buying opportunity as multiple growth drivers (both near term and long term) remain intact." TER closed at $14.35 on Tuesday.