B of A Securities Downgrades Teradyne to Underperform, Announces $100 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya downgraded Teradyne (NASDAQ:TER) from Neutral to Underperform and set a price target of $100. This suggests a bearish outlook on the company's stock performance.

December 15, 2023 | 12:52 pm
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Teradyne was downgraded by B of A Securities from Neutral to Underperform with a new price target of $100, indicating a negative sentiment towards the stock.
Downgrades by analysts, especially from neutral to underperform, typically lead to a negative short-term reaction in the stock price as market participants adjust their expectations. The setting of a price target can also influence investor sentiment and trading behavior, potentially leading to a decrease in stock price if the target is below the current trading level.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100