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Fly News Breaks for August 2, 2019
TDC
Aug 2, 2019 | 07:54 EDT
RBC Capital analyst Matthew Hedberg lowered his price target on Teradata to $40 and kept his Sector Perform rating after its in-line Q2 earnings and a revenue miss. The analyst notes that while FY19 guidance was maintained, the deal timing appears to push the subscription bookings mix from Q3 toward Q4. Hedberg sees Teradata's current valuation as "fair".
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