UPDATE: Bank of America Upgrades Infosys to Buy on Leadership Boost
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
|Dec 2016||Bank of America||Downgrades||Buy||Neutral|
|Sep 2016||Wedbush||Initiates Coverage on||Neutral|
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