BMO Capital raised the firm’s price target on Infosys (INFY) to $20 from $18 and keeps a Market Perform rating on the shares. The company reported a solid Q3 with a slight revenue beat and raised the implied Q4 growth rate with revised FY26 outlook, the analyst tells investors in a research note. The management’s tone was also more positive as it pointed towards a better IT services environment in 2026 vs. 2025, the firm added.
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