BUZZ-Teradyne on track for biggest gain since 2019 after co reports rev beat

Reuters
07-31
BUZZ-Teradyne on track for biggest gain since 2019 after co reports rev beat

** Shares of Teradyne TER.O were up 21.8% at $110.32 on Wed and on track for a record daily pct gain after the automation company late Tues reported stronger-than-expected quarterly rev

** The stock rose earlier as high as $110.50, its highest level since early March

** Demand for the company's semiconductor-testing equipment helped with results

** The median 12-mo PT on the co is $95, based on LSEG data

** Analyst recommendations including 10 "strong buy" or "buy" ratings, four "hold" ratings and four "sell" ratings, per LSEG

** Even with the session move, TER is down 12.4% YTD compared with a ~9.8% gain in the Nasdaq .IXIC

(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@tr.com))

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