BMO Capital Maintains a 'Market Perform' on Infosys Technologies (INFY); Cutting Numbers Ahead of Conference Call
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Price: $43.05 -1.13%
Rating Summary:
5 Buy, 12 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
5 Buy, 12 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade INFY Now!
BMO Capital maintains a 'Market Perform' on Infosys Technologies (NASDAQ: INFY) price target of $45.00 (from $48.00).
Analyst, Keith Bachman, said, "For INFY, we are lowering our FY13 EPS estimates to $3.06 from $3.16 (consensus of $3.09) and our FY14 estimates to $3.25 from $3.37 (consensus of $3.31). We think that INFY would lower its FY13 revenue guidance on the call to 6%-8% range both owing to weaker demand and adverse FX."
For an analyst ratings summary and ratings history on Infosys Technologies click here. For more ratings news on Infosys Technologies click here.
Shares of Infosys Technologies closed at $44.05 yesterday, with a 52 week range of $41.40-$66.02.
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Analyst, Keith Bachman, said, "For INFY, we are lowering our FY13 EPS estimates to $3.06 from $3.16 (consensus of $3.09) and our FY14 estimates to $3.25 from $3.37 (consensus of $3.31). We think that INFY would lower its FY13 revenue guidance on the call to 6%-8% range both owing to weaker demand and adverse FX."
For an analyst ratings summary and ratings history on Infosys Technologies click here. For more ratings news on Infosys Technologies click here.
Shares of Infosys Technologies closed at $44.05 yesterday, with a 52 week range of $41.40-$66.02.
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