BUZZ-Teledyne up as insider George Bobb appointed CEO

Reuters

Apr 29

** 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

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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