Infosys +4.5% on Morgan Stanley upgrade

|By:, SA News Editor

Morgan Stanley upgrades Infosys (NASDAQ:INFO) from Equal Weight to Overweight and raises the price target from 1028 INR to 1300 INR (about $20.31), which is 21% higher than Friday’s close.

Latest analyst recommendations: 3 Buy, 11 Hold, and 1 Underperform.

Median price target: $15.75.

Infosys shares are up 4.5% premarket to $17.57.

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