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Fly News Breaks for July 28, 2017
TER
Jul 28, 2017 | 07:24 EDT
Cowen analyst Timothy Arcuri said the weakness in Teradyne is a buying opportunity as he believes the stock is in the early innings of what could be a long re-rating cycle. The analyst noted estimates did not go up but commentary suggest Q4 is fine as structural headwinds are abating. The company is deploying its cash position in a value-accretive way, and the stock is inexpensive, added Arcuri, who reiterated his Outperform rating and $41 price target on Teradyne shares.
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