UPDATE: Stifel Nicolaus Raises PT to $37 on Informatica on Productivity Checks

Stifel Nicolaus reiterated its Buy rating on Informatica INFA and raised the price target from $31.00 to $37.00. Stifel Nicolaus noted, "We are comfortable with our license estimate of $85mn (-24% y/y), with checks supporting our mid-December view that the company has been able to stabilize pockets of key weakness (EMEA most notably) during the quarter. Given the stock's solid run since early December (+21% since 12/4/12 vs COMP +6%), sentiment has shifted back towards a bullish stance - perhaps too bullish - in our view for the very near term. However, our productivity analysis… suggests that FY13 expectations could prove to be conservative, and as such, we are raising our 12-month target price from $31 to $37." Informatica closed at $31.80 on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetIntraday UpdateAnalyst Ratings
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!