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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

EMES

Emerge Energy

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HCLP

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EXEL

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VFC

VF Corp.

$62.20

0.35 (0.57%)

, UAA

Under Armour

$16.41

-0.08 (-0.49%)

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Downgrade
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$62.20

0.35 (0.57%)

UAA

Under Armour

$16.41

-0.08 (-0.49%)

UA

Under Armour

$15.04

-0.09 (-0.59%)

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UAA

Under Armour

$16.41

-0.08 (-0.49%)

, UA

Under Armour

$15.04

-0.09 (-0.59%)

05:28
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Upgrade
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UAA

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VFC

VF Corp.

$62.20

0.35 (0.57%)

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  • 03

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SNAP

Snap

$13.70

-0.07 (-0.51%)

05:24
09/25/17
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Recommendations
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CMP

Compass Minerals

$60.10

-9.4 (-13.53%)

05:20
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Upgrade
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  • 29

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COR

CoreSite Realty

$108.49

-1.86 (-1.69%)

05:18
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Initiation
CoreSite Realty initiated  »

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  • 26

    Sep

ROST

Ross Stores

$60.89

-0.02 (-0.03%)

05:17
09/25/17
09/25
05:17
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05:17
Upgrade
Ross Stores rating change  »

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OFC

Corporate Office Properties

$32.53

-0.13 (-0.40%)

05:11
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Upgrade
Corporate Office Properties rating change  »

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ABMRF

ABN Amro

05:08
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05:08
Upgrade
ABN Amro rating change  »

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GM

General Motors

$39.42

0.32 (0.82%)

05:05
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Upgrade
General Motors rating change  »

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NGLOY

Anglo American

$9.12

-0.1 (-1.08%)

04:59
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04:59
Downgrade
Anglo American rating change  »

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NTB

Butterfield

$36.57

0.45 (1.25%)

04:56
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Downgrade
Butterfield rating change  »

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VSAR

Versartis

$2.68

-18.925 (-87.62%)

04:55
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Versartis rating change  »

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04:55
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Conference/Events
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HSC

Harsco

$19.75

0.35 (1.80%)

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Conference/Events
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IIVI

II-VI

$40.40

0.45 (1.13%)

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Conference/Events
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AMCX

AMC Networks

$59.08

0.14 (0.24%)

04:55
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Conference/Events
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  • 25

    Sep

04:55
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General news
Dallas Fed Mfg Survey General Activity Index to be reported at 10:30 »

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General news
Chicago Fed National Activity Index Level to be reported at 08:30 »

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ARKAY

Arkema

$121.34

-0.06 (-0.05%)

04:55
09/25/17
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Conference/Events
Arkema management to meet with Evercore ISI »

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  • 25

    Sep

HES

Hess Corp.

$44.50

0.87 (1.99%)

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Conference/Events
Hess Corp. management to meet with JPMorgan »

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  • 25

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DNOW

NOW Inc.

$12.99

0.01 (0.08%)

04:55
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  • 25

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RCL

Royal Caribbean

$115.29

-0.9 (-0.77%)

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Conference/Events
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