Infosys Shares Drop 4% After FY27 Revenue Guidance Cut
Infosys shares fell 4% after the company lowered its FY27 revenue growth forecast to 1-2% from 1.5-3%, citing pricing pressure and a challenging demand environment. While Nomura remains bullish on the stock, Goldman Sachs, Morgan Stanley, Citi, and Choice Institutional Equities expressed concerns about growth, issuing varied ratings and target prices.
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