Bank of America Merrill Lynch Maintains Buy on Informatica

Bank of America Merrill Lynch is out with its report today on Informatica INFA, maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "Informatica is a leader in data integration software suiting up to be a platform in a market characterized by point solutions and limited integration. It is differentiated from competitors because of its perceived independence. Version 9 (a significant product cycle) alongside INFA's expanded market opportunity could drive revenue and earnings growth faster than prior cycles. Moreover, given its leading position, INFA could be a strategic asset for larger participants." Shares of INFA closed Thursday at $51.40, down 0.85% from Wednesday's close.