Seeking Alpha

Informatica upgraded by Credit Suisse on organic growth prospects

  • 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."
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