Credit Suisse, while downgrading ratings on Infosys to neutral from outperform, cut the target price by 30% to ₹1,240. The brokerage said the company’s large exposure to the US compared to peers could put further pressure on its earnings.
US stocks: US market rises on the day but falls for the week; bond yields and Iran in focus
Major U.S. stock indexes finished Friday higher, but recorded weekly declines. Investors reacted to fluctuating government bond yields and Middle East developments. Stronger services sector