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Infosys price target lowered to $16 from $17 at TD Cowen

TD Cowen lowered the firm’s price target on Infosys (INFY) to $16 from $17 and keeps a Hold rating on the shares. The firm updated its model following Q2 results which contained few surprises while noting consistent demand supported a low-end FY25 growth guide raise as expected, while better bookings/hiring was offset by light OM.

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