UPDATE: Jefferies Lowers PT on Teradata Corporation Following Weak 3Q Results, 4Q Outlook

In a report published Tuesday, Jefferies analyst Aaron Schwartz reiterated a Hold rating on Teradata Corporation (NYSE: TDC ), but lowered the price target from $58.00 to $51.00. In the report, Jefferies noted, “TDC preannounced 3Q results but the implied downward revision to 4Q estimates is more of a concern.