Yes, to remove the thermometer from a particular team's Team Page:
  1. Navigate to Fundraising > TeamRaiser
  2. Enter the name of the event in the search field
  3. Click Search
  4. Click Manage under the Action column
  5. Select the Teams tab
  6. Enter the name of the team in the search field
  7. Click Search
  8. Click Manage under the Action column
  9. On the left hand navigation pane, under Related Actions, select Edit Team Page
  10. Under the Status Indicator section, form the Style dropdown menu, select None
  11. Click Save