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UPDATE: Evercore Upgrades Informatica

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Benzinga's M&A Chatter for Tuesday April 7, 2015
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Evercore analyst Kirk Materne upgraded Informatica (NASDAQ: INFA) from Equal-weight to Overweight and reiterated a $43 price target.

Materne views the current risk/reward of Infomatica attractively based on the revenue mix now focusing more on faster growing products and less on extract, transform and load product.

Specifically, Materne is looking for the cloud to be a driver for Informatica as its partnerships with Cloudera, Hortonworks and Amazon Web Services mature.

Informatica shares were up just over one percent, at last check.

Latest Ratings for INFA

DateFirmActionFromTo
Apr 2015Stifel NicolausDowngradesBuyHold
Apr 2015CLSADowngradesBuyUnderperform
Mar 2015Mizuho SecuritiesDowngradesBuyNeutral

View More Analyst Ratings for INFA
View the Latest Analyst Ratings

Posted-In: Evercore Kirk MaterneAnalyst Color Upgrades Price Target Analyst Ratings

 

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