Nomura Securities Downgrades Informatica (INFA) to Neutral
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Nomura Securities downgraded Informatica (NASDAQ: INFA) from Buy to Neutral and maintained a price target of $45 on valuation.
Analyst Rick Sherlund commented, "Shares of Informatica have reached our target price of $45 and we are reducing our rating to Neutral from Buy. Press reports suggest the company has an ongoing process in place to find a buyer and may have some combination of interested parties looking, so we view potential upside from here as more event driven."
Shares of Informatica closed at $44.57 yesterday.
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Related EntitiesNomura, Rick Sherlund
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