Prudential initiates coverage on Infosys with an ‘overweight’ rating and $90 price target
NewRatings: Analyst Bryan C Keane of Prudential Financial initiated coverage of Infosys Technologies Limited (Nasdaq: INFY) with an “overweight” rating and a $90 price target. The analyst mentioned that the company continues to witness robust demand for its services. According to the analyst the company’s revenue growth is expected to re-accelerate in F1Q07 to above the 30% achieved in F1Q06.