Informatica price target lowered to $27 from $37 at Guggenheim

Guggenheim lowered the firm’s price target on Informatica (INFA) to $27 from $37 and keeps a Buy rating on the shares. The stock is “worth defending here” as the firm believes the 30% pullback in after-hours trading was “overdone” and that an enterprise value of $6.1B “significantly undervalues the business,” so it will “take a chance on potential material upside and acceleration back to mid-to-high single-digit growth,” the analyst tells investors in a post-earnings note.