Market Overview

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

Related INFA
Informatica And Cloudera Partner To Support DataKind And "Data-for-Good" Movement
Wedbush Sees Long-Term Catalysts For Informatica Corporation

In a report published Friday, Deutsche Bank reiterated its Hold rating on Informatica Corporation (NASDAQ: 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.

Latest Ratings for INFA

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

View More Analyst Ratings for INFA
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


Related Articles (INFA)

Around the Web, We're Loving...

Get Benzinga's Newsletters