Bernstein lowered the firm’s price target on Infosys (INFY) to INR 1,680 from INR 1,780 and keeps an Outperform rating on the shares. The company highlighted an uncertain demand environment and issued weaker than expected fiscal 2026 revenue guidance, the analyst tells investors in a research note. The firm remains constructive on Infosys’ long-term fundamentals and would look to accumulate shares on a further price correction.
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