- Credit Suisse's Farhan Ahmed: "We are downgrading TER to Neutral, as the stock is near our $19.50 target price and as we see 32%/29% downside risk to consensus 2015/2016 EPS estimates. We expect TER revenues will decline >10% in 2015 due to the SoC Test market decline."
- His 2015 revenue and EPS estimates for Teradyne (TER -2.1%) have respectively been cut to $1.44B and $0.84 from $1.6B and $1.03; consensus is at $1.7B and $1.23.
- Citi downgraded the chip test equipment maker last month.