Teradyne +4% on Northland initiation

|About: Teradyne Inc. (TER)|By:, SA News Editor

Northland Securities starts Teradyne (NYSE:TER) at Market Perform with a $35 price target, a 10% upside to yesterday's close.

Analyst Gus Richard says the company is "a leading supplier of semiconductor test equipment and an emerging supplier of industrial robots."

The analyst expects 1H19 weakness on inventory correction but a strong 5G product cycle moving into CY20.

The firm thinks Teradyne's CAGR will accelerate into the low-double digits in CY20 and beyond.

Teradyne shares are up 4.3% to $33.15.

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