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Fly News Breaks for August 6, 2015
TDC
Aug 6, 2015 | 15:08 EDT
Summit Research analyst Srini Nandury lowered the firm's price target on shares of Teradata to $32 from $42 after the company reported weaker than expected Q2 results and again lowered guidance for the year. Nandury believes Teradata will remain in turnaround mode for "some time" and expects its revenue to be pressured for the "foreseeable future," prompting the firm to maintain a Hold rating on the stock.
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