Oppenheimer Reports TDC Meeting Highlights

After attention a meeting with Teradata Corp.'s TDC senior management, Oppenheimer reports on the status of the company.

According to Oppenheimer, “A meeting with TDC senior management earlier this week reaffirmed our view that Teradata is well positioned to sustain its leadership position in the data warehouse industry, even as mega-cap tech companies increase their focus on the market. We believe new product introductions (1650 extreme data appliance), recent acquisitions (Aprimo and Aster Data) and ongoing salesforce expansion should enable TDC to accelerate its long-term organic growth well beyond management's previous 7-9% guidance.”

TDC has an Outperform Rating and a $55 PT.

TDC closed at $48.16 yesterday.