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Fly News Breaks for September 5, 2017
TER
Sep 5, 2017 | 07:56 EDT
KeyBanc analyst Weston Twigg says recent checks suggest that Teradyne's Universal Robots platform continues to dominate the cobot segment, and that adoption could accelerate as the technology gains traction. The analyst thinks cobots could generate over $1B in revenue annually for the company by 2021, up sharply from $100M in 2016. He reiterates an Overweight rating and $40 price target on the shares.
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