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UPDATE: Jefferies & Company Lowers PT on Informatica to $30

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Jefferies & Company has published a research report on Informatica Corporation (NASDAQ: INFA) and has lowered the price target from $36 to $30.

In the report, Jefferies wrote, "This morning INFA negatively pre-announced 3Q results citing sales execution and leadership issues in EMEA as the source of the miss. Sales execution has been a persistent issue this year but the degree of the 3Q license miss on an already lowered target could incite speculation of broader challenges. Further EMEA organization changes could be forthcoming which brings uncertainty and may extend the time frame for a recovery."

Jefferies maintained its Hold rating on Informatica, which is currently trading down 23.22 percent from Wednesday's $33.63 closing price.

Latest Ratings for INFA

DateFirmActionFromTo
Dec 2014Deutsche BankMaintainsHold
Nov 2014MacquarieInitiates Coverage onOutperform
Oct 2014Credit SuisseMaintainsNeutral

View More Analyst Ratings for INFA
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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