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JP Morgan, Barclays upgrade Infosys to overweight
January 14, 2013 / 3:12 AM / 5 years ago

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.

Employees walk in a forecourt at the Infosys campus in the Electronic City area of Bangalore September 4, 2012. REUTERS/Vivek Prakash/Files

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

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