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Fly News Breaks for November 18, 2016
TDC
Nov 18, 2016 | 08:26 EDT
UBS analyst Brent Thill said near-term estimates now appear de-risked after Teradata's analyst day, but he is cautious on the company's ability to attain its long-term targets, including its guidance for CY21 targets involving $4B run rate revenues and $600M run rate free cash flow. The company's forecast for revenue growth re-acceleration to 20% "appears ambitious," according to Thill, who keeps a Sell rating on the stock and lowered his price target to $24 from $26.
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