UPDATE: Deutsche Bank Reiterates Hold Rating, Lowers PT on Informatica Corporation

Loading...
Loading...
In a report published Friday, Deutsche Bank reiterated its Hold rating on Informatica Corporation
INFA
, but lowered its price target from $35.00 to $31.00. Deutsche Bank noted, “We believe the company will now be in the penalty box, unless they show a return to growth, and improving sales-force productivity. We believe Informatica, will need to continue to invest around growth products like cloud, MDM to gain longer-term mind-share, which could also limit near-term margin upside. Our model indicates a return of license growth in 2Q13. We are adjusting our estimates for Revenues/EPS in 2012 and 2013 from $822m/$1.44 and $900m/$1.60 to $805m/$1.35 and $875m/$1.45 respectively.” Informatica Corporation closed on Thursday at $26.04.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetReiterationAnalyst RatingsDeutsche Bank
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...