Infosys' US-listed shares gain; Wells Fargo initiates with 'equal weight'
26/06/2026 15:00
BUZZ-Infosys' US-listed shares gain; Wells Fargo initiates with 'equal weight' ** IT services firm Infosys' U.S.-listed shares INFY.N rise 2.1% to $10.8
** Wells Fargo initiates coverage with "equal weight" rating; sets PT at $11, implying a 4.1% upside to the stock's last close
** Brokerage says INFY is "not immune from AI transition" and awaits further proof that the company is a net beneficiary of the technology
** Notes "overall demand backdrop remains complex given geopolitical uncertainty" and while INFY's large deal bookings trends are healthy, "smaller more discretionary projects remain muted"
** Avg. rating of 14 analysts is "hold;" their median PT is $14.50, according to LSEG data
** Stock has fallen 39.4% so far this year
(Reporting by Anzar Mehraj in Bengaluru)
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