Teledyne Technologies (TDY – Research Report), the Technology sector company, was revisited by a Wall Street analyst on February 16. Analyst Greg Konrad from Jefferies maintained a Buy rating on the stock and has a $600.00 price target.
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Greg Konrad has given his Buy rating due to a combination of factors impacting Teledyne Technologies’ future prospects. The company is expected to achieve around 3% organic growth by 2025, supported by its long-cycle business segments and the reduction of supply chain headwinds. Additionally, the aerospace and defense sectors in which Teledyne operates are demonstrating continued strength, with the environmental segment showing signs of positive momentum due to easing comparative pressures.
Further contributing to the Buy rating, segments like semiconductor and logistics have shown resilience and growth, with the latter benefiting from e-commerce expansion. While the general factory automation markets remain stable, specific areas such as automotive are facing challenges. Overall, the diverse portfolio and strategic positioning of Teledyne in various sectors are key reasons for the positive outlook and the Buy rating by Greg Konrad.
In another report released on February 5, Needham also reiterated a Buy rating on the stock with a $585.00 price target.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TDY in relation to earlier this year.