Infosys price target lowered to $18 from $22 at Stifel

Stifel lowered the firm’s price target on Infosys (INFY) to $18 from $22 and keeps a Hold rating on the shares. In light of peer TCS commentary last week relative to current demand trends and other data points, the firm acknowledges the difficulties forecasting in this environment, but makes a “best effort” to provide a revised earnings outlook in front of Infosys’ fiscal Q4 report due on Thursday, reducing its FY26 revenue growth assumption from 7.0% constant currency to 3.5%.