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Fly News Breaks for April 13, 2017
INFY
Apr 13, 2017 | 07:41 EDT
Cowen analyst Bryan Bergin said the lower Q4 results and soft guidance from Infosys reflects the continued challenges in Consulting, Retail, and other areas. Bergin said the current automation/AI and renewal efforts are not enough to mitigate ongoing, and potentially accelerating, declines in traditional services. Bergin maintained his Market Perform rating and $15 price target on Infosys shares.
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