UPDATE: Morgan Stanley Reiterates on Teradata Following Solid 4Q13 Results

In a report published Friday, Morgan Stanley analyst Katy L. Huberty reiterated an Underweight rating on Teradata TDC, and raised the price target from $36.00 to $37.00. In the report, Morgan Stanley noted, “4Q13 results were slightly better than expected while 2014 guidance was in-line with buy-side expectations. Mid-point of guidance doesn't appear conservative and implies revenue acceleration and margin improvements through the year. We model 3% revenue growth in 2014, with EDW ex-subscriptions down 4%.” Teradata closed on Thursday at $41.00.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsKaty L. HubertyMorgan Stanley
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