- Informatica (INFA +2.8%) shares trade up after Credit Suisse upgrades the name to Outperform from Neutral with a PT of $52 from $41 previously.
- Analyst Michael Nemeroff thinks INFA turned a corner in 2013 and stands to benefit from an acceleration in the data integration market.
- He adds, "INFA could once again be a share gainer in DI, and accelerate its organic license growth above +10% in 2014 for the first time in a few years; annual organic license revenue growth above +10% (over a normal 2013 comp) could cause more growth investors to revisit the name after abandoning it when growth decelerated in 2012."
Informatica upgraded by Credit Suisse on organic growth prospects
Jan 22 2014, 10:57 ET