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UPDATE: DA Davidson Maintains Buy, $26 PT on Teradyne; Company Drivers Overshadow Global Uncertainty

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D.A. Davidson reiterated its Buy rating and $26 price target on Teradyne (NYSE: TER) as the company's stock drop goes counter to fundamentals.

In the report, D.A. Davidson stated, "Since reporting strong Q1 results and providing a bullish Q2 outlook (24%-34% sequential revenue growth), shares of TER have retreated ~16% (SOX Index down ~6%). We believe the selloff, largely a function of global macro uncertainty, creates an attractive buying opportunity as multiple growth drivers (both near term and long term) remain intact."

Shares of Teradyne were trading at $14.32 at the time of posting, down 0.21% from Tuesday's market close.

Latest Ratings for TER

DateFirmActionFromTo
Jul 2017KeyBancUpgradesSector WeightOverweight
Jul 2017Stifel NicolausUpgradesHoldBuy
Apr 2017BairdInitiates Coverage OnOutperform

View More Analyst Ratings for TER
View the Latest Analyst Ratings

Posted-In: D.A. DavidsonAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

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