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Fly News Breaks for July 5, 2017
TDY
Jul 5, 2017 | 09:49 EDT
As previously reported, Needham analyst James Ricchiuti upgraded Teledyne to Buy from Hold, with a $148 price target, based in part on increased optimism in the company's commercial imaging business, which represents the largest piece of its Digital Imaging Segment. Additionally, the analyst believes Teledyne's other commercial businesses, with the exception of subsea energy instrumentation and components business, can show "solid growth" in 2017 on the heels of the strong Q1 bookings and expectations of continued healthy orders in Q2.
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