UBS Starts Informatica (INFA) at Buy; Disciplined Offense and Defense
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Price: $34.45 -0.81%
Rating Summary:
10 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
10 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade INFA Now!
UBS initiates coverage on Informatica (NASDAQ: INFA) with a Buy. PT $62.
UBS analyst says, "Positive fundamental thesis predicated on three points: 1) We are confident in management and their ability to guide INFA into the next phase of their growth plans. We think they can achieve their current $1BN sales goal in 2013. 2) INFA should benefit from the largest IT trends over the next decade—big data, cloud and social computing—driving the need for the homogenization of data and INFA’s platform of products. 3) INFA is a possible takeout candidate and we estimate it could command $65 - $70/share."
For more ratings news on Informatica click here and for the rating history of Informatica click here.
Shares of Informatica closed at $54.70 yesterday, with a 52 week range of $22.10-$55.10.
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UBS analyst says, "Positive fundamental thesis predicated on three points: 1) We are confident in management and their ability to guide INFA into the next phase of their growth plans. We think they can achieve their current $1BN sales goal in 2013. 2) INFA should benefit from the largest IT trends over the next decade—big data, cloud and social computing—driving the need for the homogenization of data and INFA’s platform of products. 3) INFA is a possible takeout candidate and we estimate it could command $65 - $70/share."
For more ratings news on Informatica click here and for the rating history of Informatica click here.
Shares of Informatica closed at $54.70 yesterday, with a 52 week range of $22.10-$55.10.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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