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Fly News Breaks for April 2, 2019
TDY
Apr 2, 2019 | 06:30 EDT
Cowen analyst Joseph Giordano initiated Teledyne with an Outperform and $265 price target citing its uniquely curated, diverse portfolio with secular leverage to high-end vision technologies, precision instrumentation, and modern warfare. Giordano sees nearly $2.5B in organic free cash flow generation over the next 5 years, supplementing a 1x net leveraged balance sheet.
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