Citi analyst Walter Pritchard downgraded Qlik Technologies (QLIK) to Neutral citing limited upside potential from current share levels. While the presence of an activist investor may keep a near-term floor on shares, the value creation scenarios "are tougher than we've seen in similar scenarios," Pritchard tells investors in a research note. The analyst views HP Enterprise (HPE) and IBM (IBM) as potential acquirers of Qlik, but adds that Microsoft (MSFT) entering the Business Intelligence/ Analytics market could give potential buyers pause. He raised his price target for Qlik shares to $30 from $23. Deutsche Bank this morning also downgraded the shares.

Evercore ISI is adding IBM (IBM) to the firm's "Tactical Outperform" list ahead of the company's March-end quarter results announcement on Wednesday April 24 as it expects the company to report revenue and EPS that are in-line to showing moderate upside compared to consensus estimates. Though there have been concerns surrounding the potential for weakness in Consulting given softness at Accenture (ACN), Evercore thinks recent macro and IT spending data points have been improving and Consulting momentum should continue, says the firm, which hsa an Outperform rating and $215 price target on IBM shares.

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Salesforce (CRM) is in advanced talks to acquire Informatica (INFA) but the price being discussed is below Informatica's closing stock price of $38.48 as a result of the recent jump, Lauren Thomas, Laura Cooper and Dana Cimilluca of Wall Street Journal report, citing people familiar with the matter. 2. Apple (AAPL) denied violating a court order governing its App Store and urged a California federal judge to reject a request by "Fortnite" developer Epic Games to hold it in contempt, Reuters' Mike Scarcella reports. Apple made the arguments in a filing to U.S. District Judge Yvonne Gonzalez Rogers in Oakland, who presided over Epic's lawsuit in 2020 accusing Apple of violating antitrust law with its tight controls over how consumers download apps and pay for transactions within them. The Apple filing criticized what it called an attempt by Epic to make Apple's "tools and technologies available to developers for free." 3. Netflix (NFLX) is the forgotten tech giant - but its upcoming earnings report should help investors remember why they loved the stock in the first place, Paul R. La Monica writes in this week's edition of Barron's. The streaming-media leader was once part of the Nasdaq's FAANG club, an acronym traders used to describe Facebook parent Meta Platforms (META), Amazon.com (AMZN), Apple, Netflix, and Google owner Alphabet (GOOGL). But FAANG has since been replaced by the Magnificent Seven, a group that includes the four largest FAANGs, as well as Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA)...and excludes Netflix. But with Netflix set to report its first-quarter earnings on April 18, investors shouldn't sleep on the stock, the author says. 4. A24's "Civil War" won this weekend's box office with a $25.7M debut, making it the biggest opening ever for A24. The dystopian action movie sports a B- CinemaScore, with the audience skewing heavily male - 73%. The debut is also the biggest for an R-rated movie this year. 5. Timken (TKR) saw a positive mention in this week's edition of Barron's.

Shares of the operator of post-acute care facilities Pacs Group rose almost 10% in their trading debut following an upsized initial public offering. Meanwhile, the upcoming... To see the rest of the story go to thefly.com. See Story Here