Teledyne up as insider George Bobb appointed CEO
ReutersApr 29, 2025 12:36 PM
Shares of U.S. defense co Teledyne Technologies TDY.N up 5.3% at $488 premarket
Co said insider George Bobb replaced Edwin Roks as the CEO, effective immediately
Bobb was president and chief operating officer of co since January 1 last year
TDY said Bobb previously headed the company's aerospace and defense electronics segment and its engineered systems segment, among others
Roks was named as CEO in October 2023
Co last week topped estimates for Q1 profit and revenue, owing to sustained demand for its target detection sensors and electronic components used in sectors such as aerospace and defense
10 of 11 brokerages rate the stock "buy" or higher, 1 "hold"; their median PT is $550
As of last close, stock was nearly flat at 0.2% YTD
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