Piper Jaffray Reiterates Neutral on Teradyne, Reduces PT to $15

Piper Jaffray reiterated its Neutral rating on Teradyne TER. At the same time, the rating agency reduced its price target on the company's stock from $16 to $15. On Wednesday, TER lost 4.38% of its value to finish the day at $13.76. Its shares continued to slide in today's pre-market trading, falling 5.45% to stand around $13.01.