DA Davidson analyst Thomas Diffely raised his price target on Teradyne to $45 after its "beat and raise" quarter, saying its Memory Test was particularly strong while the "healthy Analog and Microcontroller demand has offset the weakness in Mobility". The analyst also points to the company's strong execution, given the 400bps expansion in operating margins and memory market share gains. Diffely keeps a Neutral rating on Teradyne, given the "lack of meaningful upside" catalysts.
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