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UPDATE: Bank of America Upgrades Infosys to Buy on Leadership Boost

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In a report published on Monday, Bank of America analyst Mitali Ghosh Upgraded Infosys (NYSE: INFY) from Neutral to Buy and raised the price objective to $53.00.

In the report, Bank of America stated, "The appointment of Narayana Murthy, founder of Infosys & one of the most respected corporate leaders of the Indian industry, should help provide (1) much needed impetus in strengthening customer connect & (2) lowering employee attrition risk on improved morale."

Infosys closed on Friday at $41.75.

Latest Ratings for INFY

DateFirmActionFromTo
Dec 2016Bank of AmericaDowngradesBuyNeutral
Sep 2016WedbushInitiates Coverage onNeutral
Aug 2016HSBCDowngradesBuyHold

View More Analyst Ratings for INFY
View the Latest Analyst Ratings

Posted-In: Bank of America Mitali GhoshAnalyst Color Upgrades Analyst Ratings

 

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