- In tandem with downgrading chip packaging/testing firm Amkor to Neutral, Citi's Atif Malik has upgraded chip test equipment maker Teradyne (NYSE:TER) to Buy, and hiked his target by $3.50 to $24.
- Malik's call follows an August upgrade from Craig-Hallum. Teradyne goes for 13x a 2016 EPS consensus of $1.46. Over $1B in net cash/investments (~$4.50/share) is on the balance sheet.