Jefferies Maintains Hold on Teledyne Technologies

Jefferies is out with its report today on Teledyne Technologies

, maintaining Hold. In its report, Jefferies writes, "TDY is a well-diversified technology company that has prudently entered new markets through acquisitions, most recently with DALSA in early 2011. In 10 years, its portfolio has evolved into an industrial growth company from a predominantly aerospace and defense components ." Jefferies maintains a $55 PT on TDY. Shares of TDY closed Wednesday at $47.26.