Infosys price target raised to $20.50 from $20.30 at BofA

BofA raised the firm’s price target on Infosys (INFY) to $20.50 from $20.30 and keeps a Buy rating on the shares. The highlight on the earnings call was the callout for stronger growth in the financial services and energy/utilities verticals, the analyst tells investors in a research note. The firm noted that, as per the company, both of these verticals have seen an uptick in discretionary spending and have good pipelines.