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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INFA:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue