UPDATE: Stifel Reiterates on Teledyne Technologies Following Analyst/Investor Day
In a report published Monday, Stifel analyst Stephen Levenson reiterated a Buy rating on Teledyne Technologies (NYSE: TDY), and raised the price target from $100.00 to $110.00.
In the report, Stifel noted, “Last week, we attended an analyst and investor day hosted by Teledyne. Teledyne shares have traded through our prior target price of $100, and following the meeting, our confidence in management's vision was reaffirmed. We are raising our target to $110 based on our new 2015 forecasts. The Oil & Gas and Marine Instrumentation markets are key growth areas for Teledyne, and our takeaways from the meeting follow.”
Teledyne Technologies closed on Friday at $101.60.
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