Informatica downgraded to Neutral at Guggenheim on pending acquisition

As previously reported, Guggenheim downgraded Informatica (INFA) to Neutral from Buy after the company reported Q2 results that were above consensus expectations “across the board.” The firm removed its last published price target of $27 and downgraded shares, reflecting the acquisition price of $25 per share and pending transaction with Salesforce (CRM), which the company expects to close in Salesforce’s early FY27.