Teradyne price target lowered to $110 from $125 at Stifel

Stifel analyst Brian Chin lowered the firm’s price target on Teradyne (TER) to $110 from $125 and keeps a Hold rating on the shares. Teradyne’s cautious nearer-term outlook “did steal some spotlight from discussion of the mid-to-longer term strategy,” though the firm exited the company’s analyst day with a better understanding of how Teradyne is positioning itself for share gains, the analyst tells investors in a recap of the event. The firm lowered its 2025 estimates, but notes that restructuring actions may help ensure that the drag on EPS is reduced amid the current uncertainty if growth underperforms.