UBS maintained Buy rating on Infosys; downgraded Persistent Systems to Neutral; maintained Neutral rating on Wipro; raised target price for LTM Ltd. CLSA advocated selective approach to sector.

The entities involved

• UBS →

  Swiss multinational investment bank and financial services company

  • UBS issued a positive stock forecast for Occidental Petroleum in February 2016.12:27
  • BLS released US inflation data while major wealth management firms like BlackRock, UBS, Morgan Stanley, and Schwab released reports and conducted surveys.01:57
• Infosys →

  Indian multinational technology company

  • Infosys, HCL Technologies, and Tata Consultancy Services are competing against each other for institutional investor capital.Mon 21:29
  • Low valuations are attracting investor attention to Wipro, Infosys, and Tata Consultancy Services.Mon 21:29
• Persistent Systems →

  india-headquartered technology company

  Nothing else this week.

• Wipro →

  Indian information technology services corporation headquartered in Bengaluru, India

  • Major Indian IT companies, including TCS, Infosys, Wipro, and HCL, are currently locked in a fierce competition for market leadership, with TCS also vying with Reliance Industries.Fri 05:07
  • Wipro and Getty Images are both reportedly facing damage due to the impact of AI technology.Thu 18:36

Related events

• CLSA issued mixed ratings on major Indian IT companies, downgrading Wipro and TCS while hiking the target price for Infosys.Aug 19
• UBS raised its price target after discussing demand trends with ServiceNow partners.Oct 6
• Infosys and Wipro are among 8 IT firms suspended, while TCS plans to hire 15,000 people in the US.Oct 9
• Multiple financial firms, including Nomura, CLSA, and HSBC, issued stock ratings on HCL Technologies, comparing its valuation to Infosys.Oct 13