BMO Capital raised the firm’s price target on Infosys (INFY) to $20 from $18 and keeps a Market Perform rating on the shares. Infosys reported a solid quarter with organic upside to revenue growth, though broader demand commentary remained subdued, which was reflected in Infosys not raising the top end of the revenue guide even though the company is adding incremental M&A, the analyst tells investors in a research note.
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