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INFY

Infosys

$14.53

0.4 (2.83%)

, WIT

Wipro

$9.70

0.3 (3.19%)

09:06
11/28/16
11/28
09:06
11/28/16
09:06

IT firms rush to hire amid fears of tighter U.S. visa program, Reuters says

India's IT services sector will speed up acquisitions in the U.S. and recruit heavily from college campuses in the country amid fears of a more protectionist U.S. technology visa program under Donald Trump, according to Reuters. Indian companies such as Tata Consultancy Services, Infosys (INFY) and Wipro (WIT) have long used H1-B skilled worker visas to fly computer engineers to the U.S., the publication said, noting however that President-elect Trump has been a long-time critic of this visa program. Reference Link

INFY

Infosys

$14.53

0.4 (2.83%)

WIT

Wipro

$9.70

0.3 (3.19%)

  • 28

    Nov

  • 28

    Nov

INFY Infosys
$14.53

0.4 (2.83%)

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.
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.
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.
11/11/16
11/11/16
NO CHANGE

Infosys invests in TidalScale
Infosys has made an investment in TidalScale, a provider of Software-Defined Servers that deliver in-memory performance at any scale, are self-optimizing, use standard hardware, and are compatible with all applications and operating systems. The investment will be completed on or before November 24.
WIT Wipro
$9.70

0.3 (3.19%)

04/21/16
SBSH
04/21/16
DOWNGRADE
SBSH
Sell
Wipro downgraded to Sell from Neutral at Citi
Citi analyst Surendra Goyal downgraded Wipro to Sell citing slowing organic growth and margin pressures following the company's Q4 results. Wipro's 2020 target looks ambitious, Goyal tells investors in a research note. The analyst has a INR 565 price target for the shares.
08/09/16
HSBC
08/09/16
DOWNGRADE
HSBC
Reduce
Wipro downgraded to Reduce from Hold at HSBC
09/08/16
WEDB
09/08/16
INITIATION
Target $8.5
WEDB
Underperform
Wipro initiated with an Underperform at Wedbush
Wedbush analyst Moshe Katri initiated Wipro with an Underperform and a $8.50 price target. The analyst expects below sector revenue growth given Wipro's exposure to weak Telecom, Utilities and Gas verticals, minimal exposure and traction in the FS sector, lagging revenues in the SMAC space, and ongoing legacy services cannibalization.
10/24/16
NOMU
10/24/16
DOWNGRADE
NOMU
Reduce
Wipro downgraded to Reduce from Neutral at Nomura
Nomura analyst Ashwin Mehta downgraded Wipro Reduce given citing slowing growth, weak margin trends, and no signs of a turnaround.

TODAY'S FREE FLY STORIES

XLF

Financial Select Sector

$24.39

-0.165 (-0.67%)

12:41
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XOM

Exxon Mobil

$81.38

-0.1565 (-0.19%)

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Syndicate
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SYRX

Sysorex

$0.23

0.0066 (2.93%)

, INPX

Inpixon

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TGT

Target

$58.66

-8.2475 (-12.33%)

, CVI

CVR Energy

$22.87

0.72 (3.25%)

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$58.66

-8.2475 (-12.33%)

CVI

CVR Energy

$22.87

0.72 (3.25%)

CVRR

CVR Refining

$11.40

0.55 (5.07%)

DK

Delek US

$24.76

1.78 (7.75%)

HFC

HollyFrontier

$29.48

0.9725 (3.41%)

PBF

PBF Energy

$24.62

1.18 (5.03%)

VLO

Valero

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2.08 (3.09%)

PCLN

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HTZ

Hertz

$21.54

1.54 (7.70%)

SBY

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3.315 (18.24%)

GME

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MSFT

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VRX

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-1.64 (-9.81%)

SIG

Signet Jewelers

$66.97

-5.91 (-8.11%)

03/08/13
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    May

12:30
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02/28
12:30
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General news
Breaking General news story  »

Kansas City Federal…

MINI

Mobile Mini

$33.45

-0.35 (-1.04%)

12:28
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Mobile Mini rebrands Evergreen Tank Solutions, Water Movers units »

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  • 27

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ORBC

ORBCOMM

$8.18

0.06 (0.74%)

12:27
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Hot Stocks
ORBCOMM says partner wins multi-year contract with Canada »

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  • 28

    Feb

LIOX

Lionbridge

$5.75

0.01 (0.17%)

12:26
02/28/17
02/28
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12:26
Hot Stocks
Lionbridge announces tockholder approval of HIG Capital acquisition »

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  • 28

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XOM

Exxon Mobil

$81.42

-0.125 (-0.15%)

12:25
02/28/17
02/28
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02/28/17
12:25
Syndicate
Breaking Syndicate news story on Exxon Mobil »

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  • 28

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  • 01

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    Mar

TV

Grupo Televisa

$25.73

-1.06 (-3.96%)

12:21
02/28/17
02/28
12:21
02/28/17
12:21
Options
Put seller opens a notable new position in Grupo Televisa »

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DHT

DHT Holdings

$4.66

-0.015 (-0.32%)

, FRO

Frontline

$6.92

0.19 (2.82%)

12:20
02/28/17
02/28
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12:20
Hot Stocks
DHT says rejects revised Frontline bid, offers to meet with company »

DHT Holdings (DHT)…

DHT

DHT Holdings

$4.66

-0.015 (-0.32%)

FRO

Frontline

$6.92

0.19 (2.82%)

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  • 20

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SIG

Signet Jewelers

$66.85

-6.03 (-8.27%)

12:20
02/28/17
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Hot Stocks
Breaking Hot Stocks news story on Signet Jewelers »

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  • 09

    Mar

SRAX

Social Reality

$2.58

-0.02 (-0.77%)

12:19
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Breaking Hot Stocks news story on Social Reality »

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SIG

Signet Jewelers

$66.85

-6.03 (-8.27%)

12:18
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Breaking Hot Stocks news story on Signet Jewelers »

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  • 09

    Mar

$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

12:16
02/28/17
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Technical Analysis
NYSE market internals summary »

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PYPL

PayPal

$42.64

-0.43 (-1.00%)

12:07
02/28/17
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Periodicals
PayPal sued over treatment of charity donations, CNBC reports »

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ARTNA

Artesian Resources

$32.99

0.28 (0.86%)

12:04
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Hot Stocks
Artesian Water agrees to acquire water assets of FDRPC »

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ALGN

Align Technology

$102.26

-0.63 (-0.61%)

12:04
02/28/17
02/28
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12:04
Recommendations
Align Technology analyst commentary  »

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USO

United States Oil Fund

$11.32

-0.155 (-1.35%)

12:01
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Options
Defensive option play opened in the US Oil Fund »

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SIG

Signet Jewelers

$66.85

-6.03 (-8.27%)

11:58
02/28/17
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Hot Stocks
Signet's Sterling calls media reports 'distorted and inaccurate' »

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  • 09

    Mar

ACH

Aluminum Corp. of China

$12.44

-0.18 (-1.43%)

11:55
02/28/17
02/28
11:55
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11:55
Upgrade
Aluminum Corp. of China rating change  »

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11:55
02/28/17
02/28
11:55
02/28/17
11:55
General news
Treasury's bill auctions saw rather tepid results »

Treasury's bill…

P

Pandora

$12.59

-0.585 (-4.44%)

, LMCA

Liberty Media

11:54
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Pandora lower after Liberty Media CEO comments on valuation »

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P

Pandora

$12.59

-0.585 (-4.44%)

LMCA

Liberty Media

SIRI

Sirius XM

$5.18

0.06 (1.17%)

03/08/13
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EBIX

Ebix

11:54
02/28/17
02/28
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11:54
Hot Stocks
Ebix beats on top and bottom lines, reviewing M&A opportunities »

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