Teradata price target lowered to $46 from $47 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on Teradata to $46 from $47 and keeps an Underweight rating on the shares. Teradata reported better Q2 results with annual recurring revenue and revenue growth accelerating against easier comps, the analyst tells investors in a research note. However, cash flow timing headwinds and commentary imply a large Q4 is needed to meet guidance, says the firm.