B of A Securities Downgrades Teradata to Neutral, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Wamsi Mohan downgraded Teradata (NYSE:TDC) from Buy to Neutral and reduced the price target from $58 to $48. This adjustment reflects a more cautious outlook on the company's stock.
February 13, 2024 | 4:14 pm
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Teradata's stock was downgraded from Buy to Neutral by B of A Securities, with a price target reduction from $58 to $48.
The downgrade by a significant analyst like Wamsi Mohan from B of A Securities usually leads to a negative short-term sentiment among investors, potentially causing a decrease in stock price. The reduction in the price target further emphasizes a less optimistic outlook on the company's valuation and future performance.
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IMPORTANCE 90
RELEVANCE 100