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INFY

Infosys

$16.59

0.66 (4.14%)

14:42
10/13/16
10/13
14:42
10/13/16
14:42

Infosys technical comments ahead of results

A key level for the shares since late 2014 has been at the $16 area. This level has acted as support, with tests tending to lead to bounces in price. Ahead of earnings news, the stock has just bounced off this area. If the news is a positive surprise, this bounce could continue. Next resistance levels to watch as potential upside objectives would be at $17.25, $17.91, $18.52, and $19.15. If the news is a negative surprise, there is a risk that the $16 area could be taken out on the downside. Support levels to watch would be at $15.48 which is the 52-week low, $15.02, $14.47, $13.79, and $13.29.

  • 14

    Oct

  • 14

    Oct

INFY Infosys
$16.59

0.66 (4.14%)

09/26/16
SUSQ
09/26/16
NO CHANGE
Target $16
SUSQ
Neutral
Infosys estimates lowered below consensus amid uneven checks at Susquehanna
Susquehanna analyst James Friedman said the firm's industry-level checks suggest that the improvements that Infosys had hoped for may not have taken shape in the quarter, echoing recent cautious comments made by management at a competitor conference and at the company's analyst day meeting. Amid the uneven checks and cautious commentary, Friedman cut his estimates to below consensus and lowered his price target on Infosys shares to $16 from $18 while keeping a Neutral rating on the stock.
09/08/16
WEDB
09/08/16
INITIATION
Target $18
WEDB
Neutral
Infosys initiated with a Neutral at Wedbush
Wedbush analyst Moshe Katri initiated Infosys with a Neutral and a $18 price target.
08/09/16
08/09/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apache (APA) downgraded to Neutral from Buy at Citi with analyst Robert Morris citing limited upside to his slightly reduced price target of $53. 2. FireEye (FEYE) downgraded to In-Line from Outperform at Imperial Capital with analyst Michael Kim citing a weaker billings outlook following the company's second quarter results. 3. Infosys (INFY) downgraded to Hold from Buy at HSBC. 4. Waste Management (WM) downgraded to Equal Weight from Overweight at Barclays. 5. Patterson-UTI (PTEN) downgraded to Underperform from Neutral at Macquarie with analyst Walt Chancellor citing concerns about significant excess capacity persisting across the land drilling space. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/09/16
HSBC
08/09/16
DOWNGRADE
HSBC
Hold
Infosys downgraded to Hold from Buy at HSBC

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