Brokers cut Infosys targets by 4-7% but still remain bullish

Street factors in Q4 hiccup and also cheers encouraging FY23 growth guidance and large bookings in the last financial year Citi has trimmed target price to Rs 2,010 from Rs 2,155 with a ‘buy’ rating and CLSA has maintained ‘buy’ with a target price of Rs 2,040. Investec has retained a hold with a target price of ?1,705, revised down from Rs 1,790.

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