Infosys price target lowered to $18 from $20 at BMO Capital

BMO Capital lowered the firm’s price target on Infosys (INFY) to $18 from $20 and keeps a Market Perform rating on the shares. The company reported a “reasonable” Q2 with a slight raise to the bottom end of the FY26 guide, though the firm also thought the commentary on the demand environment remains subdued, including no improvement in smaller deals from the June quarter, the analyst tells investors in a research note. Infosys called out positive developments with respect to AI-related demand, though BMO remains skeptical on AI being a long-term tailwind for services, the firm added.