Teradata Falling on Morgan Stanley Estimate Decrease; Removed From Best Ideas List
Katy Huberty, an analyst at Morgan Stanley, removes Teradata (NYSE: TDC) from Best Ideas list, while also cutting both revenue and EPS estimates for 2013.
Specifically, Huberty cut 2013 revenue estimates to $2.88 billion from $2.92 billion and 2013 EPS estimates to $3.05 from $3.15.
However, Huberty did go on to say that Teradata is well positioned competitively and believes that the company will achieve 10% annual revenue growth over the mid- to long-term time horizon.
TDC is currently down ~5.75 percent, now at the lows of the day for Thursday's trading session.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.