JP Morgan, Barclays upgrade Infosys to overweight
MUMBAI (Reuters) - J.P.Morgan and Barclays Capital upgraded their ratings on Infosys to "overweight", citing an expected improvement in earnings after the software services exporter posted better-than-expected results and revenue outlook on Friday.
Barclays raised Infosys Ltd (INFY.NS) to "overweight" from "equal weight", while J.P.Morgan raised its rating from "neutral."
(Reporting by Abhishek Vishnoi and Rafael Nam; Editing by Subhranshu Sahu)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters. Full Article