Infosys price target raised to $18 from $17 at Susquehanna

Susquehanna raised the firm’s price target on Infosys (INFY) to $18 from $17 and keeps a Neutral rating on the shares. The firm said their checks suggest the company may be doing better than some peers. The firm is looking for about 2% growth when the company reports the June quarter on July 23, just enough to maintain the year. Although there may be some air pockets, they think Banking (BFS) should continue its improvement and Manufacturing will grow above the company average.