Infosys' US-listed shares gain; Wells Fargo initiates with 'equal weight'

Infosys

26/06/2026 15:00

** 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)
((Anzar.Mehraj@thomsonreuters.com))