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Fly News Breaks for November 11, 2019
TDC
Nov 11, 2019 | 09:34 EDT
BMO Capital analyst Keith Bachman lowered his price target on Teradata to $30 and kept his Market Perform rating after its Q3 earnings miss and FY19 guidance cut last week. The analyst notes that the company expects its new delivery models to reduce buying friction and help win new workloads, but he does not see evidence of it winning market share of new workloads or expanding the size of its current workload. Bachman adds that Teradata may not be in position to grow revenue or free cash flows over the next few years.
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