Goldman Sachs Upgrades Teradyne (TER) to Buy
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Price: $418.79 +2.01%
Rating Summary:
18 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
18 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs upgraded Teradyne (NYSE: TER) from Neutral to Buy with a price target of $18 citing leverage to semi upturn and market expansion.
"With the recent macro-driven selloff, there is now 23% upside our $18 price target, and we believe risk/reward is attractive," the analyst said.
This was part of a broader call to upgrade its US Semi Production Equipment (SPE) coverage view to Neutral from Cautious based on valuation.
For an analyst ratings summary and ratings history on Teradyne click here. For more ratings news on Teradyne click here.
Shares of Teradyne closed at $14.59 yesterday.
"With the recent macro-driven selloff, there is now 23% upside our $18 price target, and we believe risk/reward is attractive," the analyst said.
This was part of a broader call to upgrade its US Semi Production Equipment (SPE) coverage view to Neutral from Cautious based on valuation.
For an analyst ratings summary and ratings history on Teradyne click here. For more ratings news on Teradyne click here.
Shares of Teradyne closed at $14.59 yesterday.
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