Teledyne Technologies (TDY) Receives a Buy from Needham

Needham analyst James Ricchiuti maintained a Buy rating on Teledyne Technologies (TDYResearch Report) today and set a price target of $472.00. The company’s shares closed last Wednesday at $371.23.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 16.5% and a 57.5% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Shapeways Holdings, Faro Technologies, and Universal Display.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Teledyne Technologies with a $532.33 average price target, which is a 40.4% upside from current levels. In a report issued on July 12, Jefferies also maintained a Buy rating on the stock with a $530.00 price target.

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The company has a one-year high of $493.97 and a one-year low of $344.66. Currently, Teledyne Technologies has an average volume of 310.1K.

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Teledyne Technologies, Inc. engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation; Digital Imaging; Aerospace & Defense Electronics; and Engineered Systems. The Instrumentation segment includes monitoring and control instruments for marine, environmental, and industrial applications. The Digital Imaging segment offers sensors, cameras, and infrared systems. The Aerospace & Defense Electronics segment provides electronic components, data acquisition, subsystems, and communications equipment. The Engineered Systems segment develops and produces electrochemical energy systems and small turbine engines. The company was founded in 1960 and is headquartered in Thousand Oaks, CA.

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