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Fly News Breaks for July 29, 2016
TER
Jul 29, 2016 | 07:33 EDT
Craig-Hallum analyst Christian Schwab downgraded Teradyne to Hold and lowered its price target to $21 from $22 saying the test market is expected to contract $200M in 2016, causing a drag of almost $100M in the company's 2016 wireless sales. With shares trading near the high end of the range, the analyst prefers to become more constructive near the $17-$18 range.
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