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Fly News Breaks for March 5, 2018
TDC
Mar 5, 2018 | 07:37 EDT
Bernstein analyst Zane Chrane upgraded Teradata to Market Perform from Underperform as the company has demonstrated success in growing ARR with new subscription/rental offerings. The analyst also notes that Teradata has demonstrated better than expected customer retention, despite pricing pressure from cloud and open source vendors, as evidenced by strong growth in maintenance revenue last year. Chrane also raised his price target on the shares to $39 from $33.
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