Wells Fargo Maintains Overweight on Informatica, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski has maintained an Overweight rating on Informatica (NYSE:INFA) but has lowered the price target from $45 to $40.
April 23, 2024 | 3:50 pm
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Wells Fargo maintains an Overweight rating on Informatica but lowers the price target from $45 to $40.
The adjustment in price target by a major analyst like Wells Fargo can have a mixed impact on Informatica's stock. While maintaining an Overweight rating indicates a positive outlook on the stock, the reduction in price target could signal a tempered expectation for the stock's short-term growth potential. Investors may view this as a cautious signal, potentially leading to a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100