Erste Group downgraded Infosys (INFY) to Hold from Buy. The company’s growth momentum has improved slightly in recent quarters, but its realized and expected growth rates are lower than for the global technology sector, the analyst tells investors in a research note. As such, the firm views Infosys as appropriately valued.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INFY: