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INFY

Infosys

$9.39

0.06 (0.64%)

12:58
11/13/18
11/13
12:58
11/13/18
12:58

Infosys to open technology and innovation hub in Texas, hire 500 workers by 2020

Infosys announced that it will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020. The Hub will be located in Richardson, Texas and have a special focus on the telecommunications, retail and banking sectors. The Texas Technology and Innovation Hub represents a key milestone in Infosys' digital transformation campaign for the Americas and builds upon its May 2017 announcement to hire 10,000 American workers by 2019. Infosys has hired over 6,200 American workers since May 2017.

  • 02

    Dec

INFY Infosys
$9.39

0.06 (0.64%)

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.
10/17/18
BREN
10/17/18
NO CHANGE
Target $7
BREN
Sell
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.
10/17/18
10/17/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Infosys (INFY) upgraded to Market Perform from Underperform at William Blair WITH analyst Maggie Nolan citing Q2 results. 2. American Airlines (AAL), Delta Air Lines (DAL), and United Continental (UAL) upgraded to Buy from Hold at Deutsche Bank. 3. Akorn (AKRX) upgraded to Overweight from Neutral at Piper Jaffray with analyst David Amsellem saying based on trends associated with a number of its notable products, as well as his recent conversation with management, he believes a picture of sustainable EBITDA is emerging at Akorn that is better than what he had previously envisioned. 4. Workday (WDAY) upgraded to Outperform from Market Perform at Bernstein with analyst Mark Moerdler saying he determined that even if the ERP market moves reasonably slowly to the Cloud, it is large enough and the fact there are only a few vendors with a competitive SaaS solution should allow Workday to continue to gain share. 5. Domino's Pizza (DPZ) upgraded to Buy from Hold at Maxim with analyst Stephen Anderson saying the pullback in the stock price is overdone and expects accelerated cost savings and solid comps to yield higher earnings, raising his FY20 EPS view to $12.01 from $11.72. 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
10/17/18
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. Infosys (INFY) downgraded to Neutral from Buy at Goldman Sachs with analyst Sumeet Jain saying yesterday's Q2 results were in-line but at the expense of "unexpectedly" higher investments. 2. Netflix (NFLX) downgraded to Sector Weight from Overweight at KeyBanc with analyst Andy Hargreaves citing quarterly results. While the analyst maintains a favorable view of Netflix's strategic positioning, he believes improving investment efficiency or significant ancillary opportunities are needed to drive upside from current levels, and he does not anticipate either over the next year. 3. Home Depot (HD), Lowe's (LOW), KB Home (KBH), and Lennar (LEN) were downgraded to Neutral from Outperform at Credit Suisse. 4. Del Taco (TACO) downgraded to Neutral from Buy at BTIG with analyst Peter Saleh citing the "combination of negative traffic and rising food and labor inflation" weighing on its prospects for the coming year, adding that while he is optimistic on its promotions and delivery potential, he is also worried about customers being discouraged by the company's higher pricing. 5. Scorpio Bulkers (SALT) downgraded to Neutral from Overweight at JPMorgan with analyst Noah Parquette citing the company's related party transactions and recent investment in Scorpio Tankers (STNG) for the downgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

KO

Coca-Cola

$47.38

-0.11 (-0.23%)

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KO

Coca-Cola

$47.38

-0.11 (-0.23%)

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SSL

Sasol

$33.46

0.17 (0.51%)

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GE

General Electric

$9.32

-0.03 (-0.32%)

, TWTR

Twitter

$34.39

-0.01 (-0.03%)

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GE

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$9.32

-0.03 (-0.32%)

TWTR

Twitter

$34.39

-0.01 (-0.03%)

TSLA

Tesla

$262.90

-10.35 (-3.79%)

FB

Facebook

$181.49

3.21 (1.80%)

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MBRX

Moleculin Biotech

$2.97

1.89 (175.00%)

08:51
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Syndicate
Moleculin Biotech announces $15M registered direct offering »

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NYT

New York Times

$32.96

-0.725 (-2.15%)

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LULU

Lululemon

$173.01

-0.29 (-0.17%)

08:50
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  • 24

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PG

Procter & Gamble

$106.04

-0.01 (-0.01%)

08:49
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Procter & Gamble says will be year of 'strong' cash return to shareholders »

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  • 23

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GT

Goodyear Tire

$20.33

-0.19 (-0.93%)

08:48
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04/23
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08:48
Hot Stocks
Goodyear Tire appoints David Phillips to Vice President and General Counsel »

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  • 26

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BLK

BlackRock

$463.99

-1.68 (-0.36%)

, BAYRY

Bayer

$0.00

(0.00%)

08:46
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Periodicals
BlackRock won't support Bayer's management at AGM, Reuters reports »

BlackRock (BLK)…

BLK

BlackRock

$463.99

-1.68 (-0.36%)

BAYRY

Bayer

$0.00

(0.00%)

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MA

MasterCard

$243.00

2.02 (0.84%)

, PYPL

PayPal

$106.78

-0.61 (-0.57%)

08:46
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Conference/Events
Cantor Fitzgerald tech services analyst to hold analyst/industry conference call »

Tech Services Analyst…

MA

MasterCard

$243.00

2.02 (0.84%)

PYPL

PayPal

$106.78

-0.61 (-0.57%)

WP

Worldpay

$112.76

1.53 (1.38%)

FIS

FIS

$112.17

1.31 (1.18%)

GPN

Global Payments

$140.62

0.92 (0.66%)

IMXI

International Money Express

$11.99

0.16 (1.35%)

JKHY

Jack Henry

$144.51

0.97 (0.68%)

SQ

Square

$72.59

1.89 (2.67%)

V

Visa

$160.39

0.25 (0.16%)

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WAT

Waters

$241.08

1.43 (0.60%)

08:45
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Waters says sales fell way short of expectations in Q1 »

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BPRN

Bank of Princeton

$32.30

(0.00%)

08:45
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08:45
Downgrade
Bank of Princeton rating change at Sandler ONeill »

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AKTX

Akari Therapeutics

$3.40

0.295 (9.52%)

08:45
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Akari Therapeutics announces Phase 2 data from BP patients »

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UTX

United Technologies

$136.99

-0.01 (-0.01%)

08:45
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  • 23

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RAD

Rite Aid

$10.76

1.116 (11.57%)

, ZYNE

Zynerba

$9.49

1.39 (17.16%)

08:45
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Options
Largest borrow rate increases among liquid names »

Latest data shows the…

RAD

Rite Aid

$10.76

1.116 (11.57%)

ZYNE

Zynerba

$9.49

1.39 (17.16%)

COTY

Coty

$11.22

-0.05 (-0.44%)

PYX

Pyxus

$21.00

3.63 (20.90%)

HRL

Hormel Foods

$40.44

0.06 (0.15%)

PZZA

Papa John's

$49.25

-0.05 (-0.10%)

KNDI

Kandi Technologies

$5.40

-0.03 (-0.55%)

UBS

UBS

$13.26

0.005 (0.04%)

BHP

BHP Group

$55.14

0.19 (0.35%)

QTT

Qutoutiao

$9.00

(0.00%)

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08:45
04/23/19
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General news
FHFA House Price Index M/M change to be reported at 09:00 »

February FHFA House Price…

VZ

Verizon

$58.38

0.33 (0.57%)

, GOOG

Alphabet

$1,248.96

11.74 (0.95%)

08:43
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Verizon, Google announce partnership to bring YouTube TV to Verizon customers »

Verizon (VZ) and Google…

VZ

Verizon

$58.38

0.33 (0.57%)

GOOG

Alphabet

$1,248.96

11.74 (0.95%)

GOOGL

Alphabet Class A

$1,253.94

12.01 (0.97%)

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CDNS

Cadence Design

$64.23

0.87 (1.37%)

08:42
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Cadence Design analyst commentary at RBC Capital »

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VZ

Verizon

$58.38

0.33 (0.57%)

08:41
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LII

Lennox

$267.77

-2.97 (-1.10%)

08:40
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08:40
Downgrade
Lennox rating change at Vertical Research »

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UTX

United Technologies

$136.99

-0.01 (-0.01%)

08:40
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United Tech: Collins Aerospace on track for $150M of cost synergies in 2019 »

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08:40
04/23/19
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08:40
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General news
Breaking General news story  »

Week of 4/20 Redbook to…

MGA

Magna

$56.15

-0.49 (-0.87%)

08:39
04/23/19
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08:39
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Magna expands in Morocco with new $11.3M mirrors facility »

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TPNL

3Pea International

$8.33

0.11 (1.34%)

08:38
04/23/19
04/23
08:38
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08:38
Hot Stocks
3Pea International to change corporate name to Paysign »

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