UBS Maintains Buy on Infosys With Rs 1,415 Target; HSBC Flags Margin Pressure
UBS maintained its Buy rating and Rs 1,415 target, implying around 23% upside, while HSBC flagged margin pressure after Infosys reported weaker-than-expected fiscal second-quarter results and cut FY27 revenue growth guidance again.
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03:48:52 AM UTC
SquawkNews
Shares of IT firm Infosys NSE:INFY1! fell 2.7% in early trading on Monday after the company cut its fiscal 2027 revenue growth forecast more than expected and reported weakness in its North America business.The company cut its fiscal 2027 revenue growth forecast to 1%-2% from 1.5%-3%, while most an…
Brokerages UBS and HSBC have offered contrasting outlooks on Infosys following its weaker-than-expected fiscal second quarter results and another reduction in its FY27 revenue growth guidance. While UBS maintained its Buy rating with a target price of Rs 1,415, implying an upside of around 23 perce…