Susquehanna lowered the firm’s price target on Infosys (INFY) to $16 from $20 and keeps a Neutral rating on the shares. The firm previewed its Q4 results where they think EURS (Energy, Resources) sounds good, Manufacturing will be resilient, and Banking (BFS) may grow above the company average. Having said that, the company is likely not out of the woods in Hi Tech and Retail, and third-party revenue may remain a headwind, though FX looks good.
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