Deutsche Bank downgraded Informatica (INFA) to Hold from Buy with a $21 price target The firm cites the company’s “disappointing” Q4 results that “left more questions than answers” for the downgrade. Informatica experienced greater than expected churn and while the current valuation could attract interest from an array of strategic and financial acquirers, Deutsche cannot predicate its investment thesis on a potential takeout, the analyst tells investors in a research note. The firm says it is common for execution issues in software to get worse before improving, which warrants moving to the sidelines.
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