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Updated: 10:30 a.m. Friday, April 16, 2010 | Posted: 10:29 a.m. Friday, April 16, 2010

Analyst’s rating boosts Teradata shares

By Thomas Gnau

Staff Writer

Shares of Miami Twp.-based Teradata Corp. jumped after an analyst raised his designation of the company’s market prospects.

Nabil Elsheshai, who covers Teradata and other technology companies for Pacific Crest, raised his rating on Teradata from “sector perform” to “outperform” Thursday, April 15. Elsheshai wrote that he expects Teradata to benefit from increased spending on data analytics, one of the company’s specialties, while the company stock’s recent “underperformance” creates an “attractive risk/reward.”

“TDC (Teradata) should benefit from overall market strength and its recent underperformance creates an attractive opportunity,” Elsheshai wrote in a note to clients, which he sent to the Dayton Daily News on Friday.

Shares of Teradata (NYSE: TDC) rose Thursday $1.29, or 4.4 percent, in mid-day trading Thursday. In early trading Friday, the stock was down about eight cents at about $30.41.

Teradata has about 400 employees in the Dayton area.

Contact this reporter at (937) 225-2390 or tgnau@DaytonDailyNews.com.

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