RBC Capital analyst Matthew Hedberg raised the firm’s price target on Informatica (INFA) to $25 from $22 and keeps a Sector Perform rating on the shares. The firm updated its price to reflect the company’s buyout from Salesforce (CRM) at $25 per share, adding that it sees their respective portfolios as complementary with no need of “regulatory scrutiny”, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INFA:
- DA Davidson ‘hesitant’ to endorce Salesforce acquisition of Informatica
- Informatica price target raised to $25 from $19 at Baird
- ‘Time to Judge Salesforce’s (NYSE:CRM) $8B Bet,’ Wall Street Analysts Weigh In
- Informatica price target raised to $25 from $19 at Wells Fargo
- Informatica downgraded to Peer Perform from Outperform at Wolfe Research