UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Raises PT on Infosys
In a report published Monday, BMO Capital Markets reiterated its Market Perform rating on Infosys Ltd. (NASDAQ: INFY), and raised its price target from $41.00 to $43.00.
BMO Capital noted, “We remain MARKET PERFORM on INFY. For the stock to work, we believe that INFY will have to improve execution and top-line growth rates. Moreover, in the near to medium term, we believe that INFY may have to lower its operating margin targets to capture more growth, which likely keeps the stock range-bound, in our view.”
Infosys Ltd. closed on Friday at $44.54.
Latest Ratings for INFY
|Feb 2016||Cowen & Company||Initiates Coverage on||Market Perform|
|Jan 2016||Credit Suisse||Upgrades||Neutral||Outperform|
|Dec 2015||Sterne Agee CRT||Initiates Coverage on||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.