Wedbush Downgrades Informatica (INFA) to Neutral

Wedbush downgraded Informatica (NASDAQ: INFA) from Outperform to Neutral with a price target of $37.00.

Analyst Steve Koenig commented, "Although INFA shares have achieved our target price, our downgrade is predicated on more than simply valuation. Our year-end integrator checks suggest INFA's financial services vertical missed its 4Q achievement targets, likely due to weakness in sales to large banks. More generally, we believe INFA saw weakness in the Northeast region, as well as the industrial vertical. Also, our checks suggest that INFA moved in 4Q to take on more professional services activity itself rather than to farm it out to partners, possibly to offset potential license weakness."

For an analyst ratings summary and ratings history on Informatica click here. For more ratings news on Informatica click here.

Shares of Informatica closed at $37.86 yesterday.

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