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.