Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Teledyne Technologies

Share:
Related TDY
Teledyne Completes Divestiture To FTG Circuits
Teledyne Announces Accelerated Share 1.1M Share Repurchase

In a report published Friday, Jefferies & Company reiterated its Hold rating on Teledyne Technologies (NYSE: TDY), and raised its price target from $65.00 to $70.00.

Jefferies noted, “TDY reported Q3 EPS of $1.14, which was ahead of our estimate of $0.94, and up from $0.91 a year ago. While some businesses remain challenged, Teledyne was able to keep organic sales relatively flat. The company continues to benefit from new product innovations and market share gains. We are raising our 2012 estimate to $4.25 from $4.00.”

Teledyne Technologies closed on Thursday at $65.76.

Latest Ratings for TDY

DateFirmActionFromTo
Aug 2016JefferiesMaintainsHold
Jul 2016CL KingDowngradesBuyNeutral
Oct 2015NeedhamDowngradesBuyHold

View More Analyst Ratings for TDY
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (TDY)

View Comments and Join the Discussion!