Jefferies Downgrades Informatica (INFA) to Hold; Resetting the Growth Profile

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Jefferies downgraded Informatica (NASDAQ: INFA) from Buy to Hold with a price target of $36.00 (from $54.00).

Analyst, Aaron Schwartz, said, "A combination of macro uncertainty and execution led to INFA’s 2Q miss, which will derail the time-frame for license growth re-acceleration. We don’t believe this is a product strategy / structural issue but softening demand and a sales team transition will reset estimates and leave few near term catalysts to help support the stock."

FY12 EPS estimate lowered from $1.60 to $1.45, FY13 from $1.87 to $1.66.

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 $43.37 yesterday, with a 52 week range of $34.15-$62.42.

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