Northland downgrades Teradata to Market Perform, awaiting stabilization

As previously reported, Northland downgraded Teradata (TDC) to Market Perform from Outperform with a $21 price target after the company reported in-line March quarter results and expanded the full year outlook at the low end due to the discretionary nature of its services. The firm is lowering its rating as it waits for clear evidence of stabilization in the business, the analyst tells investors.