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Fly News Breaks for January 24, 2020
TER
Jan 24, 2020 | 06:43 EDT
Susquehanna analyst Mehdi Hosseini downgraded Teradyne to Negative from Neutral with a price target of $55, up from $52. In a research note to investors, Hosseini says he expects quarterly EPS to peak in Q2 and will be down y/y through 1H21. The analyst also argues that mmWave will not be a catalyst until 2022, while China pulled-in $155M of incremental revenue, which he says is not sustaining and is the "pause" on in 5G investment Teradyne referred to on its 4Q19 earnings conference call.
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