Loop Capital analyst Scott Graham downgraded Teradyne to Hold from Buy with a price target of $102, down from $110. The analyst cites the company’s weaker than expected Q1 guidance along with the management’s "little visibility" on the second half of the year as it anticipates that operating expenses will be flat, instead of down. The firm adds that the estimate revision cycle is likely close to the end, and it sees the stock as "fairly valued".
Published first on TheFly
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Read More on TER:
- Teradyne price target raised to $101 from $92 at Morgan Stanley
- Teradyne downgraded to Hold from Buy at Loop Capital
- Teradyne sales declines less than expected, margin outperform, says Loop Capital
- Teradyne Reports Fourth Quarter and Fiscal Year 2022 Results
- Teradyne board authorizes $2B share buyback
