Infosys shares decline almost 4% after Morgan Stanley downgrades stock, cuts target price

Infosys shares fell nearly 4 percent on March 12 after Morgan Stanley downgraded its rating on the stock to ‘equal-weight’ from ‘overweight.’ The brokerage cited concerns over slowing growth and valuation pressures, leading it to slash its target price for Infosys to ₹1,740 from ₹2,150. This revision implies a limited upside potential of just 10…

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