FMP
Teledyne Technologies Price Target Lifted at Berenberg Bank
Sep 28, 2021 11:02 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Analysts at Berenberg Bank increased their price target on Teledyne Technologies Incorporated (NYSE:TDY) to $570 from $565 as they believe the stock pullback on broader supply chain concerns offers an attractive setup into Q3.
According to the brokerage the recent weak corporate commentary across industrials coupled with FLIR acquisition integration risk has caused the company’s multiple to de-rate since May. However, recent order trends suggest the company’s guidance is quite conservative, in the brokerage view, and the company can even exceed expectations.
The company’s execution track record and unique position as both a supplier and customer in the semis industry also provide the analysts with confidence in its ability to navigate supply challenges.
Analysts at Berenberg Bank believe the market has yet to fully appreciate the TDY/FLIR combination, and they expect the stock to re-rate as synergies materialize and the company de-levers.
Other Blogs
May 27, 2024 3:30 PM - Rajnish Katharotiya
The best 5 GPU stocks other than NVDA
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...
Jun 10, 2024 3:46 AM - Parth Sanghvi
Fixed Costs vs Variable Costs: Understanding Cost Structures
Understanding the difference between fixed and variable costs is essential for managing a business’s finances. These costs form the foundation of any cost structure and play a critical role in pricing, budgeting, and profit margin analysis. In this guide, we will explore what fixed and variable cost...
Jul 10, 2024 2:34 AM - Parth Sanghvi
Capital Budgeting Techniques: NPV, IRR, and More - A Comprehensive Guide
Capital budgeting is a critical financial process that companies use to evaluate and select long-term investments or projects. It involves assessing potential expenditures and determining their profitability to ensure that resources are allocated effectively. This comprehensive guide covers essentia...
