Informatica downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Mark Murphy downgraded Informatica (INFA) to Neutral from Overweight with a price target of $25, up from $24, after the company entered into a definitive agreement to be acquired by Salesforce (CRM) for an equity value of $8B, net of Salesforce’s current investment in Informatica, or for $25 per share. The firm points out the transaction includes a termination fee clause, requiring Salesforce or Informatica to pay a fee if the deal is terminated.