Guggenheim Initiates Coverage On Infosys with Neutral Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Jonathan Lee initiates coverage on Infosys (NYSE:INFY) with a Neutral rating and sets a price target of $20.

March 19, 2024 | 8:57 am
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Guggenheim initiated coverage on Infosys with a Neutral rating and a price target of $20.
The initiation of coverage by Guggenheim with a Neutral rating and a specific price target provides investors with a new analytical perspective on Infosys. However, the Neutral rating suggests that the analyst sees the stock performing in line with the market, which might not lead to significant short-term price movement. The price target of $20 offers a reference point for valuation but does not imply a strong bullish or bearish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100