Teradata price target lowered to $61 from $67 at Northland

Northland lowered the firm’s price target on Teradata (TDC) to $61 from $67 and keeps an Outperform rating on the shares. Thought the Snowflake (SNOW) conference gives the firm “incremental confidence” in its Teradata “large enterprise swim lane investment thesis,” Northland is lowering mid-term estimates consistent with Q4 earnings call commentary, the analyst tells investors.