UPDATE: Barclays Upgrades Teradata (TDC) to Overweight; Risk to Consensus Favors the Upside

(Updated - May 14, 2012 2:39 PM EDT)

Barclays upgraded Teradata (NYSE: TDC) from Equalweight to Overweight. PT raised from $71 to $85.

Analyst, Raimo Lenschow, said, "Our initial rationale for the EW was based on both gross and operating margin pressure due to higher component prices and sales territory expansion. These issues have been well recognized. We now focus on Teradata's strong exposure and positioning to the Big Data theme coupled with the healthy revenue trend in recent quarters and consensus that we believe leaves more room for upside."

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 $71.14 yesterday.

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