Baird analyst Richard Eastman, who had downgraded Teradyne to Neutral from Outperform yesterday following the company's Q1 report, has now upgraded Teradyne back to Outperform following the stock's 16% selloff on the heels of its earnings report. He believes the pullback leaves the stock at a good entry point. Semiconductor secular trends are intact and the company has proven an ability to gain share in the test market, said Eastman, who raised his price target on Teradyne shares to $41 from $40.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Comments taken from Q1 earnings conference call.

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Notable companies reporting after the market close, with earnings consensus, include Meta Plataforms (META), consensus $4.32... IBM (IBM), consensus $1.60... ServiceNow (NOW), consensus $3.14... Lam Research (LRCX), consensus $7.30... Chipotle Mexican Grill (CMG), consensus $11.68... O'Reilly Automotive (ORLY), consensus $9.26... Ford Motor (F), consensus 42c... United Rentals (URI), consensus $8.32... Align Technology (ALGN), consensus $1.97... Molina Healthcare (MOH), consensus $5.59... Teradyne (TER), consensus 33c... Universa Health Services (UHS), consensus $3.16... Western Union (WU), consensus 41c.