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TDY - Teledyne: Instrumentation And Digital Imaging Driving The Stock
Teledyne Technologies Incorporated
Teledyne Technologies’ (TDY) stock rallied nearly 75% in 2019. I believe the stock will continue to rally in 2020 also. The company develops several high-growth products, which are driving its current growth and will drive its future growth. Although the stock is fairly valued compared to its competitors, I am bullish on the stock. The company’s revenue has grown at a CAGR of 6.42% in the past ten years. I believe revenue will continue to grow at such rate in the next five years. Long-term investors can buy the stock around the current