JP Morgan Upgrades Infosys to Neutral, Raises Price Target to $16.8
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ankur Rudra has upgraded Infosys (NYSE:INFY) from Underweight to Neutral and raised the price target from $14 to $16.8.
October 04, 2023 | 4:18 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Infosys has been upgraded to Neutral from Underweight by JP Morgan, with a raised price target of $16.8.
The upgrade from Underweight to Neutral indicates a more positive outlook on the company by JP Morgan. The raised price target suggests that the analyst believes the stock has potential to reach a higher price, which could attract investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100