Needham analyst James Ricchiuti raised his price target on Teledyne to $400 and kept his Buy rating. The analyst says his meeting with the company's management at the Needham Growth Conference last week added to his optimism in its 2020 setup and the potential for Teledyne to continue with its "solid" organic revenue growth of about 5%. Ricchiuti also anticipates "incremental" M&A contribution from the company's recent acquisitions.
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