TD Cowen raises Teledyne PT, sees improving prospects for drone business

Teledyne Technologies Incorporated

18/02/2026 13:08

** TD Cowen lifts PT on target detection sensor maker Teledyne Technologies TDY.N to $750 from $650, maintains rating at "buy"

** New price target implies a 15.5% upside from the stock's last close

** Brokerage says co's drone business could grow as its new strike drone appears well-positioned to win upcoming Marine Corps orders

** TD Cowen notes Pentagon's new low-cost drone program isn't a direct fit for TDY's systems, but the company could still see meaningful benefit by supplying camera cores to participants

** Ten of 14 brokerages rate the stock "buy" or higher, four "hold"; their median PT is $700- data compiled by LSEG

** As of last close, shares up 27.1% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))