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Fly News Breaks for November 8, 2019
TDC
Nov 8, 2019 | 07:55 EDT
As reported previously, Cowen analyst J. Derrick Wood downgraded Teradata to Market Perform from Outperform following Q3 results. The analyst noted the abrupt departure of its CFO and ensuing very weak Q4 guidance; both of which has him concerned about pipeline trends and confidence in the company's ability to execute its model. Wood lowered his price target to $29 from $53 on Teradata shares.
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