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INFY

Infosys

$10.22

0.32 (3.23%)

05:17
10/17/18
10/17
05:17
10/17/18
05:17

Berenberg sees 30% downside in shares of Infosys

Berenberg analyst Georgios Kertsos says that while Infosys reported Q2 revenue ahead of expectations, its earnings were only in-line due to lower than expected profitability. The analyst retains his negative view on the stock given the company's "persistent margin contraction." The stock has benefited from favorable foreign exchange rate moves but Infosys' underlying profitability is "significantly worse than the headline numbers," Kertsos tells investors in a post-earnings research note. His new $7 price target represents 30% downside and he keeps a Sell rating on the name.

  • 21

    Oct

  • 22

    Oct

INFY Infosys
$10.22

0.32 (3.23%)

08/20/18
08/20/18
DOWNGRADE

Equal Weight
Infosys downgraded to Equal Weight following outperformance at Morgan Stanley
As previously reported, Morgan Stanley analyst Parag Gupta downgraded Infosys to Equal Weight from Overweight following strong year-to-date outperformance and citing a belief that concerns around senior management exits will remain an overhang on the stock. With the company in the first year of a three-year transformation journey, Gupta sees limited upside risks to FY19 revenue growth and margins, the analyst tells investors. Gupta has a Rs1,450 price target on Infosys shares.
08/20/18
08/20/18
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. Constellation Brands (STZ, STZ.B) downgraded to Negative from Neutral at Susquehanna with analyst Pablo Zuanic citing valuation. 2. Infosys (INFY) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Parag Gupta citing a belief that concerns around senior management exits will remain an overhang on the stock. 3. YogaWorks (YOGA) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen saying he sees risk to visitation and revenue trends with the company's medium-term priorities of pulling back on promotions and marketing. 4. News Corp. (NWSA) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Andrew McLeod saying its Australian payTV unit, Foxtel, will launch a new OTT sports service by the end of 2018, which presents the "obvious risk" that its existing subscriber base and high ARPU will come under pressure. 5. Park Hotels & Resorts (PK) downgraded to In Line from Outperform at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/18
WBLR
10/17/18
UPGRADE
WBLR
Market Perform
Infosys upgraded to Market Perform from Underperform at William Blair
William Blair analyst Maggie Nolan upgraded Infosys Technologies to Market Perform following yesterday's Q2 results. The analyst says the company's digital push continues to gain traction.
10/17/18
GSCO
10/17/18
DOWNGRADE
Target $10.57
GSCO
Neutral
Infosys downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Sumeet Jain downgraded Infosys to Neutral and lowered his price target for the shares to $10.57 from $11.70. Yesterday's Q2 results were in-line but at the expense of "unexpectedly" higher investments, Jain tells investors in a research note. William Blair this morning upgraded Infosys to Market Perform.

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AFI

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CVS

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CUB

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-1.4 (-2.14%)

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GOOS

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