Price targets, ratings of big IT companies cut on 'downside risks'

Jefferies has downgraded several major Indian IT stocks, including Infosys and TCS, citing AI-related disruptions and greater downside risks. The brokerage shifted its preference to mid-sized IT firms, identifying Coforge, Sagility, and IKS as top picks with projected returns of 19-26%.

from Economic Times https://ift.tt/2SJONu7