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UPDATE: Wedbush Downgrades Informatica to Neutral on Limited Q4 Upside

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Wedbush Sees Long-Term Catalysts For Informatica Corporation

Wedbush downgraded Informatica (NASDAQ: INFA) from Outperform to Neutral and maintained a $31.00 price target.

Wedbush noted, "Our survey work indicates data integration projects have moved up in relative priority, despite less urgency overall for IT spending. Also, management commentary and tone concerning 4Q has been positive into early December, and ORCL's good 2Q/Nov. results are encouraging. INFA reports its 4Q after the close on Jan. 24th; our estimates are $2M above consensus on the top line and $0.02 higher on EPS."

Informatica closed at $32.18 on Wednesday.

Latest Ratings for INFA

DateFirmActionFromTo
Jan 2015RBC CapitalDowngradesOutperformSector Perform
Jan 2015BarclaysMaintainsEqual-weight
Jan 2015WedbushDowngradesOutperformNeutral

View More Analyst Ratings for INFA
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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