Goldman Sachs analyst Noah Poponak upgraded Teledyne to Buy from Neutral with a price target of $495, up from $423. Teledyne is one of the “highest quality, most consistent, best managed companies” in the sector that compounds cash flow over time, the analyst tells investors in a research note. The firm says the stock has pulled back to relative valuation lows, just as its balance sheet “is nearing full force again” for further deployment post the Flir integration, while the core organic fundamental picture “remains strong.” Goldman sees upside to consensus earnings expectations and finds the stock’s current valuation attractive.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TDY:
- 3 Best Stocks to Buy Now, 8/14/2023, According to Top Analysts
- Teledyne says Stephen Blackwood to succeed Susan Main as CFO
- Teledyne price target lowered to $480 from $500 at TD Cowen
- Here’s What Pulled Teledyne (NYSE:TDY) Stock Down Yesterday
- Teledyne sees FY23 non-GAAP EPS $19.00-$19.20, consensus $19.13
Questions or Comments about the article? Write to editor@tipranks.com