UPDATE: Stifel Nicolaus Initiates Hold on Teradata Corporation; Valuation Full

Stifel Nicolaus initiates Teradata (NYSE: TDC) with a Hold rating, as it sees the company's valuation healthy at current levels.

Stifel Nicolaus comments, "We believe we are in the midst of an explosion of data and given Teradata's leading data warehouse technology, ongoing R&D investment, strategic M&A, and a multi-year focus on expanding its distribution capabilities, we believe Teradata is well positioned to monetize this secular growth. Although we believe Teradata should be able to deliver 10%-15% organic revenue growth and grow EPS at a faster clip for the next several years, based on a healthy valuation, we think most of the good news is already factored into the shares."

TDC closed at $72.19 on Thursday.

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