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Fly News Breaks for February 26, 2020
TER
Feb 26, 2020 | 07:02 EDT
Citi analyst Atif Malik lowered the firm's price target on Teradyne to $83 from $90 and keeps a Buy rating on the shares. The analyst reduced his estimates to reflect the negative impact of the coronavirus on China's industrial and global smartphone supply chain. He notes that Teradyne guided its March quarter earlier in the earnings season and did not factor in much impact from supply chain disruption versus equipment peers, which reported later.
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