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Fly News Breaks for January 24, 2020
TER
Jan 24, 2020 | 07:02 EDT
Credit Suisse analyst John Pitzer raised his price target for Teradyne to $75 from $62 and maintained a Neutral rating, saying the "solid" Q1 beat was dampened by guidance for the second half. While upside to Q4/Q1 was impressive and 2H guidance is likely conservative, Pitzer says valuation looks more fair than cheap, especially against Front End Peers.
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