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Fly News Breaks for July 12, 2019
Jul 12, 2019 | 11:19 EDT
As previously reported, Citi analyst Surrendra Goyal upgraded Infosys to Buy from Neutral following the "multiple positives" in the company's Q1 report, which include deal wins, a revenue guidance hike and an increase in plans for capital returns. While the analyst's EPS forecasts are largely unchanged after the report, Goyal raised the multiple applied and increased the price target for the shares to Rs820 from Rs785.