Teradyne price target raised by $5 at Deutsche Bank, here’s why

Deutsche Bank raised the firm’s price target on Teradyne to $100 from $95 and keeps a Hold rating on the shares. The firm said the price target multiple is below its 5-year median of about 22-23x on the structural changes in test intensity at its largest customer as well as on the lower profitability of the Robotics business going forward.