Cowen Remains Sidelined on Teradata Corp. (TDC) After Meeting with Management

September 9, 2016 7:38 AM EDT
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Price: $28.64 +0.85%

Rating Summary:
    4 Buy, 21 Hold, 8 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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Cowen reiterated a Market Perform rating and $32.00 price target on Teradata (NYSE: TDC) after meeting with management and investors on the road.

Analyst Derrick Wood commented, "We hosted Gregg Swearingen, IR, on the road this week w/ investors. We are encouraged about the increased rate of change w/in TDC (go-to-market, product delivery, pricing, etc.). We think this is necessary in order for TDC to find new areas of growth. We however expect this to create incremental pressure on the rev/EPS model in the medium-term, which we think will keep the stock range-bound."

For an analyst ratings summary and ratings history on Teradata click here. For more ratings news on Teradata click here.

Shares of Teradata closed at $31.11 yesterday.

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