Teradyne: Piper Sees 2009 Recovery - Tiernan Ray

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Teradyne: Piper Sees 2009 Recovery
Jun 30, 2008 03:32 PM UTC

Tiernan Ray

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Symbol	Sentiment	Start	Return	Closed
TER		06/30/08	-25.27%	--
MU	n/a

Via Long Investment Ideas from Seeking Alpha:

With all the bad news in the DRAM and NAND flash memory chip market, such as the continued drastic drop in chip prices announced last week by Micron Technology (MU) — you’d be quite reluctant to buy the folks who sell the tools for DRAM. But today, Piper Jaffray chip analyst Gus Richard raised his rating on Teradyne (TER), which makes tools for both DRAM and NAND flash, to “Buy” from “Neutral,” and raised his price target to $16, from $14. That would be a nice 44% return, if the stock makes it there.

Richard says his numbers are going down for this fiscal year ending December, but going up for next year as Richard expects “a rebound in Q4 […]” He continues:

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