Piper Jaffray Downgrades Eagle Test Systems (EGLT) to Neutral
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Piper Jaffray downgrades Eagle Test Systems (Nasdaq: EGLT) from Buy to Neutral.
Following Teradyne's (NYSE: TER) announcement that it will acquire Eagle for $15.65 per share, the firm believes the price represents a fair value for Eagle shareholders.
Eagle Test Systems, Inc. designs, manufactures, sells, and services automated test equipment for the semiconductor industry.
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