UPDATE: Stifel Nicolaus Raises PT to $21 on Teradyne - Teradyne (NASDAQ:TER)

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Stifel Nicolaus increases its price target from $20 to $21 on Teradyne (NYSE: TER) as it reiterates Buy on channel checks. Shares have seen recent pullback. Stifel Nicolaus comments, "Some of our recent end-of-quarter channel checks suggest a strong end to Teradyne's March quarter, particularly in its core SoC test business. Webelieve this building strength will carry into the June quarter and lead management to deliver an outlook higher than ours and current consensus estimates."TER closed at $16.11 on Wednesday.

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