Credit Suisse Downgrades Infosys Technologies (INFY) to Neutral
Get Alerts INFY Hot Sheet
Price: $16.79 -0.94%
Rating Summary:
12 Buy, 12 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 16 | Down: 14 | New: 16
Rating Summary:
12 Buy, 12 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 16 | Down: 14 | New: 16
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Credit Suisse downgraded Infosys Technologies (NYSE: INFY) from Outperform to Neutral, citing a lack of near-term catalyst for P/E re-rating.
Analyst Anantha Narayan commented, "As growth rates slwo (we now estimate 10.7% constant currency growth in FY17) and due to uncertainty on the marcro front, especially the impact of Brexit, we see little reason for multiples to re-rate."
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 $16.81 yesterday.
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