Wedbush Starts Infosys Technologies (INFY) at Neutral

September 9, 2016 7:22 AM EDT
Get Alerts INFY Hot Sheet
Price: $14.49 -0.07%

Rating Summary:
    10 Buy, 14 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 9
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Wedbush initiates coverage on Infosys Technologies (NYSE: INFY) with a Neutral rating and a price target of $18.00.

Analyst Moshe Katri commented, "We are initiating coverage with a NEUTRAL rating and $18 price target. While we commend the new management team's recent initiatives undertaken to accelerate the top line (or restoring growth to sector levels) and at the same time striving to build a sustainable EBIT margin base, Brexit exposure combined with fair valuation keeps us on the sidelines (for now). INFY's stock currently trades at 17X WS/consensus FY17E adj. EPS."

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 $16.09 yesterday.

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