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Benzinga
Benzinga
Business
Anusuya Lahiri

Here's Why Wedbush Added Infosys To Best Ideas List

Infosys Ltd NYSE Wedbush Securities
  • Infosys Ltd (NYSE:INFY) received some positive commentary from Wall Street, as Wedbush Securities added the stock to its Best Ideas List, noting it is "well-positioned" to bring the highest growth rates in the sector.
  • Analyst Moshe Katr has an Outperform and $30 price target.
  • The price target implies an upside of 32.4%.
  • Katr noted that the recent 15% decline in the stock gives investors "an attractive buying opportunity as the stock's appreciation will continue to be a function of accelerating top-line growth rates with stable margins."
  • Price Action: INFY shares traded higher by 2.91% at $23.33 in the market session on the last check Monday.
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