Teradyne Upgraded Today (TER)

Teradyne Inc, (NYSE: TER) was upgraded from market perform to outperform at FBR Capital Markets today. The price target also received a hefty boost from $6 to $16. The stock has long since surpassed FBR's original $6 target so this upgrade may be based on the price action of the shares rather than the fundamental factors at work in the company.

Teradyne (TER) is having a strong day on the back of this upgrade, appreciating 3.55% to $11.47 on the session. Teradyne, Inc. (TER) is a supplier of automatic test equipment. The company's market cap is slightly over $2 billion.