Teradata price target lowered to $37 from $42 at Guggenheim

Guggenheim lowered the firm’s price target on Teradata (TDC) to $37 from $42 and keeps a Buy rating on the shares. There are “only so many times that we can defend a management team that keeps missing results and lowering guidance,” but there is “still no evidence” that Teradata’s customers are “moving in en masse to competitors,” the analyst tells investors in an earnings recap note. The firm believes that “at this point, if the public markets don’t recognize Teradata’s value, somebody else might,” the analyst added.