Six IT stocks downgraded by Jefferies, price targets cut up to 33% on AI woes; Details here
As many as six IT stocks, Infosys, HCLTech, Mphasis, LTIMindtree, TCS and Hexaware Technologies, have been downgraded by brokerage firm Jefferies on Monday, February 23, with their respective price targets being cut by up to 33%, along with a cut to their Earnings Per Share (EPS) estimates by 1% to 4%.
As many as six IT stocks, Infosys, HCLTech, Mphasis, LTIMindtree, TCS and Hexaware Technologies, have been downgraded by brokerage firm Jefferies on Monday, February 23, with their respective price targets being cut by up to 33%, along with a cut to their Earnings Per Share (EPS) estimates by 1% to 4%.
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