James Ricchiuti, an analyst from Needham, reiterated the Buy rating on Teledyne Technologies (TDY – Research Report). The associated price target was lowered to $550.00.
James Ricchiuti has given his Buy rating due to a combination of factors including Teledyne Technologies’ reaffirmation of its full-year EPS and revenue guidance following a strong first-quarter performance. The company has effectively managed tariff-related challenges, given its limited exposure to China, which constitutes about 5% of its revenue, and has maintained its margin impacts within manageable limits.
Furthermore, the recent acquisition of Qioptiq is expected to contribute positively to the company’s earnings, aligning with consensus expectations. Despite broader macroeconomic concerns, Teledyne’s business segments have shown resilience, with a book-to-bill ratio above 1.0 across all areas. These factors, combined with modest adjustments to future EPS estimates, position Teledyne as a stable investment option in a turbulent market, justifying the Buy recommendation.
Ricchiuti covers the Technology sector, focusing on stocks such as Stratasys, Teledyne Technologies, and TTM Technologies. According to TipRanks, Ricchiuti has an average return of 2.8% and a 44.42% success rate on recommended stocks.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $550.00 price target.