Thursday, December 4, 2008

Reduce Infosys, target of Rs 1246: P Lilladher

(My Original Blog Post: -*
Prabhudas Lilladher has recommended a reduce rating on Infosys Technologies with a target of Rs 1246 in its December 3, 2008 research report. "The outlook for the company and the industry is obviously quite weak in the near-term. With a difficult FY10E and full-tax FY11E, the two year earnings CAGR (FY09-11) for the company is unlikely to be over 10-15%. While we expect Infosys to perform better than most other players in the industry, we rate the stock ‘Reduce’ with a target of Rs 1,246," says Prabhudas Lilladher's research report.

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