Needham Maintains Buy on Teledyne Technologies, Lowers Price Target to $455
Portfolio Pulse from richadhand@benzinga.com
Needham analyst James Ricchiuti has maintained a 'Buy' rating on Teledyne Technologies (NYSE:TDY) but lowered the price target from $470 to $455.
July 27, 2023 | 8:43 am
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NEUTRAL IMPACT
Teledyne Technologies' price target has been lowered from $470 to $455 by Needham, though the 'Buy' rating is maintained.
The news is directly about Teledyne Technologies. The lowering of the price target might indicate a slightly less optimistic outlook for the company's stock, but the maintained 'Buy' rating suggests that the analyst still sees potential for the stock's growth. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100