Scotiabank Maintains Sector Perform on Informatica, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Patrick Colville maintains a Sector Perform rating on Informatica (NYSE:INFA) but lowers the price target from $33 to $27.
July 31, 2024 | 7:52 pm
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Scotiabank has maintained its Sector Perform rating on Informatica but has lowered the price target from $33 to $27, indicating a more cautious outlook.
The lowered price target from $33 to $27 by Scotiabank suggests a more cautious outlook on Informatica's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
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