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UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Raises PT on Infosys

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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

DateFirmActionFromTo
Feb 2016Cowen & CompanyInitiates Coverage onMarket Perform
Jan 2016Credit SuisseUpgradesNeutralOutperform
Dec 2015Sterne Agee CRTInitiates Coverage onNeutral

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Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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