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Fly News Breaks for October 25, 2019
TER
Oct 25, 2019 | 09:48 EDT
DA Davidson analyst Thomas Diffely raised his price target on Teradyne to $60 after its "impressive" beat-and-raise Q3 results, but notes that China and memory business - the weakest markets for many of the company's peers - drove the upside. The analyst states that Teradyne is outperforming due to "solid" NAND test demand and initial 5G infrastructure buildout in China, but keeps his Neutral rating given the company's "stretched valuation".
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