BMO Capital lowered the firm’s price target on Infosys to $18 from $21 and keeps a Market Perform rating on the shares. The company’s Q4 revenue missed its prior guide largely due to a one-time reduction in a client contract, though the management also provided weaker-than-expected FY25 revenue guidance, the analyst tells investors in a research note. 2024 IT Services environment remains difficult, with management teams including Infosys expressing continued concerns around discretionary spend levels, and while the company has an opportunity for modest FY25 margin improvement, weak revenue growth likely limits stock upside, the firm added.
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