Teradyne (TER) PT Lowered to $35 at Susquehanna
Susquehanna analyst Mehdi Hosseini lowered the price target on Teradyne (NYSE: TER) to $35.00 (from $36.00) while maintaining a Neutral rating.
The analyst commented, "We are updating estimates to reflect TER quarterly earnings from yesterday. Although L-T opportunities are compelling, we believe the current consensus estimates for 2019 would need first to be revised lower (by ~15%). Stock has already started to anticipate this, but we remain on the sideline until there is improved visibility."