Bank of America Reiterates Buy on Teradata Corporation

Bank of America reiterated its Buy rating on Teradata Corporation TDC. In a research report published today, Bank of America reiterated its belief in the company's strength. The report states, "Teradata remains a leader and scarce resource in the under-penetrated EDW market and one of the few to offer credible solutions at both high and low end (IBM now being the other with its acquisition of Netezza). Win rates are at an all time high, and growth is accelerating on increasing benefits from sales force investments and increased recognition by enterprises of the strategic nature and meaningful ROI of an EDW solution, both of which should drive multiple expansion." Bank of America reiterated its Buy rating on Teradata. At the moment, Bank of America has a price target of $63 placed on the company's stock. On Monday, Teradata lost 0.56% of its value to close the day at $53.43.