Teledyne price target lowered to $499 from $503 at Credit Suisse

Credit Suisse analyst Guy Hardwick lowered the firm’s price target on Teledyne to $499 from $503 and keeps an Outperform rating on the shares. The company reported Q1 results, with EPS in line at the operating level and Q2 EPS guidance 6c below consensus, the analyst tells investors in a research note.