Nomura Securities Downgrades Informatica (INFA) to Neutral

March 23, 2015 6:57 AM EDT
Get Alerts INFA Hot Sheet
Price: $48.73 --0%

Rating Summary:
    7 Buy, 20 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 5 | New: 25
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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."

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 $44.57 yesterday.

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Nomura, Rick Sherlund