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Fly News Breaks for September 19, 2017
TER
Sep 19, 2017 | 06:47 EDT
Citi analyst Atif Malik attributes yesterday's weakness in shares of Teradyne to another research firm estimating the system-on-chip test market could decline by $200M in 2018. Malik currently models Teradyne's SoC market to increase by $174M in 2017 and then another $100M in 2018. The SoC market is "extremely complex" and it is too soon to forecast the 2018 market size, the analyst tells investors in a research note. He recommends using the market concerns as a buying opportunity and keeps a Buy rating on Teradyne with a $43 price target.
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