TCS, Infosys, Wipro see price targets slashed by Jefferies as AI shift clouds outlook

Jefferies has cut price targets for TCS, Infosys, Wipro, HCLTech, and Tech Mahindra amid AI-driven disruption and slow global tech spending. While preferring Coforge and HCLTech, the brokerage warns that large-cap IT valuations already reflect optimism, advising selective exposure amid near-term demand softness.

from Economic Times https://ift.tt/2pJNAcF