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Informatica price target raised to $25 from $18 at DA Davidson

DA Davidson analyst Gil Luria raised the firm’s price target on Informatica (INFA) to $25 from $18 and keeps a Neutral rating on the shares. The company’s Q2 results beat expectations on the top-line, but fell short of bottom-line expectations, with the management also not providing guidance pending its Salesforce (CRM) acquisition, the analyst tells investors in a research note.

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