Susquehanna Cuts PT on Infosys (INFY) Following Fiscal Q4 Results Preview

Infosys Limited (NYSE:INFY) is one of the best low priced stocks to buy right now. Susquehanna cut the price target on Infosys Limited (NYSE:INFY) to $16 from $20 on April 14, maintaining a Neutral rating on the shares. The firm stated that it has previewed its fiscal Q4 results, where it thinks EURS (Energy, Resources) sounds promising, Manufacturing will be resilient, and Banking (BFS) may grow above the company average. However, it also added that while FX looks good, Infosys (NYSE:INFY) is likely not out of the woods in Hi Tech and Retail, and third-party revenue may remain a headwind.

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Infosys (NYSE:INFY) also received a rating update from TD Cowen on April 6. The firm cut the price target on the stock to $15 from $16 while maintaining a Hold rating on the shares. TD Cowen adjusted price targets in the IT services group as part of a fiscal Q1 preview, and stated that it expects “broadly uneventful” quarters while maintaining neutral views across most of the services sector.

Infosys Limited (NYSE:INFY) is a digital services and consulting company that provides end-to-end business solutions. The company’s operations are divided into the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services; Manufacturing, Hi-Tech, Life Sciences, and All Other.

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