BMO Capital lowered the firm’s price target on Infosys (INFY) to $15 from $20 and keeps a Market Perform rating on the shares. The company had a weaker close to FY26, with constant currency revenue growth below the firm’s forecast, the analyst tells investors in a research note. Below consensus FY27 guidance also reflects the ramp-down of a large European manufacturing client alongside continued competitive industry in AI-led services, the firm added.
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