UPDATE: Wedbush Downgrades Informatica to Neutral on Limited Q4 Upside
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.
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