UPDATE: Citi Downgrades Teradyne (TER) to Neutral

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December 18, 2014 7:08 AM EST
Get Alerts TER Hot Sheet
Price: $418.79 +2.01%

Rating Summary:
    18 Buy, 12 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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(Updated - December 18, 2014 10:15 AM EST)

Citi downgraded Teradyne (NYSE: TER) from Buy to Neutral with a $20 price target (from $23.50).

Analyst Atif Malik said, "We downgrade TER to Neutral from Buy and lower our TP to $20 from $23.5 as we do not view test equipment stocks to be major beneficiaries of rising costs from Moore’s law scaling."

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 $19.61 yesterday.


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