In a report published Tuesday, Jefferies analyst Aaron Schwartz reiterated a Hold rating on Teradata Corporation TDC, but lowered the price target from $58.00 to $51.00.
In the report, Jefferies noted, “TDC preannounced 3Q results but the implied downward revision to 4Q estimates is more of a concern. The shortfall was due to weak product revenue in international regions and despite broader spending uncertainties; the degree of the forward estimate revisions will reinforce the perceived structural challenges hovering over the company. With valuation likely to see further compression, we remain on the sideline.”
Teradata Corporation closed on Monday at $52.58.
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