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Fly News Breaks for May 14, 2015
TER
May 14, 2015 | 08:52 EDT
Craig-Hallum downgraded Teradyne to Hold and lowered its price target to $22 from $24 following the acquisition of Universal Robots. The firm said the acquisition does not offset seasonality in Teradyne's core business and is disappointed that it continues to invest in M&A versus leveraging their number one market share in a consolidating industry.
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