UBS Maintains a 'Buy' on Informatica (INFA); Q3 License Blip, Constructive 2012 Guidance

UBS maintains a 'Buy' on Informatica (NASDAQ: INFA) price target lowered from $67 to $55.

UBS analyst says, "Despite strong performance in Europe and strength across INFA’s platform, this was the first time in 8 Qtrs INFA didn’t beat the high end of their Qtrly rev guide. We remain confident in INFA’s fundamentals, but we are closely watching the contraction in fin svcs spend (~20-25% of revs) as deals appear to be taking longer."

For more ratings news on Informatica click here and for the rating history of Informatica click here.

Shares of Informatica closed at $45.00 yesterday.

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