JP Morgan Initiates Coverage On Infosys with Underweight Rating, Announces Price Target of $14
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Ankur Rudra initiates coverage on Infosys (NYSE:INFY) with an Underweight rating and announces a price target of $14.
May 24, 2023 | 8:51 am
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JP Morgan initiates coverage on Infosys with an Underweight rating and a price target of $14.
JP Morgan's initiation of coverage on Infosys with an Underweight rating suggests that the analyst believes the stock will underperform its peers in the short term. The price target of $14 also indicates a potential downside for the stock. This negative outlook is likely to have a short-term negative impact on INFY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100