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Fly News Breaks for February 10, 2020
TDC
Feb 10, 2020 | 07:54 EDT
BMO Capital analyst Keith Bachman lowered his price target on Teradata to $27 and kept his Market Perform rating, saying that the evidence for its turnaround is still lacking. The analyst notes that the managements "transformation and restructuring" efforts are "steps in the right direction", but he needs to see more concrete signs of "market share wins" given the company's "historical operational challenges". Bachman adds that "too many moving parts" for Teradata are keeping his from assigning a more constructive outlook.
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