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Equities research analysts at Jefferies Group increased their target price on shares of Teledyne Technologies (NYSE:TDY) from $105.00 to $110.00 in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 11.54% from the company’s current price.

Teledyne Technologies (NYSE:TDY) traded up 1.25% on Thursday, hitting $98.62. 245,486 shares of the company’s stock traded hands. Teledyne Technologies has a 1-year low of $77.51 and a 1-year high of $102.40. The stock’s 50-day moving average is $94.50 and its 200-day moving average is $95.85. The company has a market cap of $3.701 billion and a price-to-earnings ratio of 18.24.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, July 24th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.27 by $0.20. The company had revenue of $597.10 million for the quarter, compared to the consensus estimate of $606.42 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts predict that Teledyne Technologies will post $5.33 earnings per share for the current fiscal year.

Teledyne Technologies Incorporated (NYSE:TDY) is a provider of electronic subsystems and instrumentation, including aerospace and defense electronics, digital imaging products and software, monitoring instrumentation for marine and environmental applications, harsh environment interconnect products, and subsystems for satellite communications.

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