December 03, 2012 at 11:12 AM EST
INFY: Cowen Cuts to Hold on Survey Feedback, Rising IBM Competition
Shares of IT services provider Infosys (INFY) are down 25 cents, or half a percent, at $44.20, after Cowen & Co.’s Moshe Katri cut the stock to Neutral from Outperform, on what Katri believes are disturbing IT survey results and increased competition from International Business Machines (IBM) and Accenture (ACN). Katri’s survey of “IT/Offshore spending” showed [...]
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