Citi downgrades Teradata on 2019 challenges

|About: Teradata Corporation (TDC)|By:, SA News Editor

Citi downgrades Teradata (NYSE:TDC) from Neutral to Sell with a $36 PT citing a more challenging outlook for 2019.

The firm attributes the better than expected Q4 print to one-off factors and expects TDC to struggle with the new pricing strategy launch to a "skeptical" customer base.

Teradata shares are flat pre-market at $48.32.

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