Stock Rating Downgrade
In recent days the Value Trend Rating for Teledyne Technologies Inc. (NYSE: TDY) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 3/1/24, Teledyne Technologies Inc. (NYSE: TDY) stock declined slightly by -0.5%, closing at $425.00. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months but has declined -1.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TDY is expected to continue to be an important Value Builder.
Teledyne Technologies has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Teledyne Technologies has a neutral Appreciation Score of 48 but a good Power Rating of 74, leading to the High Neutral Value Trend Rating.
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