Informatica upgraded by Credit Suisse on organic growth prospects

|About: Informatica Corporation (INFA)|By:, SA News Editor

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."