Informatica Corp (INFA) Tops Q3 EPS by 1c

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Go back to Informatica Corp (INFA) Tops Q3 EPS by 1c

BofA/Merrill Lynch Downgrades Informatica (INFA) to Underperform

October 24, 2014 7:30 AM EDT

BofA/Merrill Lynch downgraded Informatica (NASDAQ: INFA) from Neutral to Underperform with a price target of $33.00 (from $37.00) following Q3 results which highlight several moving pieces.

Analyst Kash Rangan cites several reasons that make it difficult to be positive: 1) Broad trend of spending... More