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Fly News Breaks for August 6, 2018
TDY
Aug 6, 2018 | 09:20 EDT
Needham analyst James Ricchiuti raised his price target on Teradyne to $240 and kept his Buy rating after the company showed "strong growth" in its "beat-and-raise" Q2 results. Ricchiuti states that Teradyne is "firing on all cylinders" as its Instrumentation and Digital Imaging segments grew by about 12%, while its Aerospace & Defense unit registered the strongest bookings momentum and pushed the overall book-to-bill ratio above parity. The analyst notes that growth could decelerate in the second half, but fundamentals remain strong across Teradyne's broad portfolio.
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