Credit Suisse Analyst Maintains Positive Outlook on Teledyne Technologies, Adjusts Price Target Slightly

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On July 27, 2023, Credit Suisse analyst Guy Hardwick maintained a positive outlook on Teledyne Technologies ($NYSE:TDY), a leading provider of advanced electronics, digital imaging, aerospace and defense, and industrial technologies. Hardwick kept an Outperform rating on the stock, and adjusted his price target slightly. Teledyne Technologies is a diversified industrial conglomerate that provides advanced electronics, digital imaging, aerospace and defense, and industrial technologies to customers around the world. The company’s mission is to make technology more accessible for all. With a strong focus on innovation and customer service, Teledyne Technologies continues to expand its offerings and has become a reliable provider of quality products and services in multiple high-value sectors.

Despite the pandemic-induced market uncertainty, Hardwick is confident in the stock’s long-term growth potential. He believes that the company’s position in the markets it serves is strong enough to withstand market volatility. Furthermore, he believes that Teledyne Technologies’ focus on customer service, quality products, and innovation will continue to boost its competitiveness in the coming years.

Market Price

On Friday, Credit Suisse analyst maintained a positive outlook on Teledyne Technologies, and adjusted the price target slightly. The stock opened at $380.3 and closed at $382.0, representing a 0.9% increase from the previous closing price of $378.8. This is a sign of investor confidence in the company, despite some recent market uncertainty. The analyst noted that the strong presence of the company in defense electronics, aerospace, and industrial products markets has played a role in providing stability to their stock price.

The analyst also cited Teledyne’s focus on shareholder returns and growing backlog as factors that make it an attractive investment. Despite this positive outlook, the analyst adjusted the price target slightly due to market volatility and some uncertainties regarding long-term growth prospects. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Teledyne Technologies. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Teledyne Technologies. More…

Key Ratios Snapshot

Some of the financial key ratios for Teledyne Technologies are shown below. More…

Analysis

At GoodWhale, we take a comprehensive approach to evaluating the financial performance of companies. This is why we have analyzed the financials of TELEDYNE TECHNOLOGIES through GoodWhale’s Risk Rating system. The analysis places TELEDYNE TECHNOLOGIES in a high risk category in terms of financial and business aspects, meaning that potential investors should proceed with caution. To further understand this analysis, we detected 4 risk warnings in TELEDYNE TECHNOLOGIES’ income sheet, balance sheet, cashflow statement, and non-financial information. If you would like to gain an even deeper understanding of TELEDYNE TECHNOLOGIES’ financials, register on goodwhale.com to access our comprehensive data and analysis. More…

Peers

– MKS Instruments Inc ($NASDAQ:MKSI)

MKS Instruments Inc is a global provider of instruments, subsystems, and process control solutions that measure, control, power, monitor, and analyze critical parameters of advanced manufacturing processes. The company offers a range of products that are used in the manufacture of semiconductor devices, including integrated circuits (ICs), and in other advanced processes, such as those used in the production of flat panel displays, solar cells, compact discs, and fiber optic components.

MKS Instruments has a market capitalization of $5.16 billion as of 2022 and a return on equity of 18.75%. The company is a global provider of instruments and process control solutions for the semiconductor manufacturing industry.

– ESCO Technologies Inc ($NYSE:ESE)

ST is a leading global provider of semiconductor solutions. ST’s products are used in a wide range of applications, including automotive, industrial, consumer, computing, and other applications. ST’s products are used in a variety of end products, including automobiles, televisions, mobile phones, computers, and others. ST is a Fortune 500 company with operations in more than 35 countries.

– Allied Motion Technologies Inc ($NASDAQ:AMOT)

Allied Motion Technologies Inc is a designer and manufacturer of motion control products, technologies, and solutions for use in a variety of industries. The company has a market cap of 467.2M as of 2022 and a return on equity of 8.87%. Allied Motion Technologies Inc designs and manufactures a range of motion control products, including motors, drives, controllers, and software. The company’s products are used in a variety of industries, including automotive, aerospace, medical, and industrial.

Summary

Credit Suisse analyst Guy Hardwick expressed a positive outlook on Teledyne Technologies on July 27th, 2023, maintaining an Outperform rating despite making a slight price target adjustment. He believes that the company is well-positioned to take advantage of a wide range of opportunities in the market. Hardwick believes that the company’s focus on strong research and development, product innovation, and technological advances will help drive growth and shareholder value.

He also noted that Teledyne Technologies has a strong balance sheet and is well-diversified, allowing it to meet customer needs across a variety of industries. Ultimately, Hardwick considers Teledyne Technologies a good investment opportunity.