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Actionable news in INFY: INFOSYS TECHNOLOGIES LIMITED AMERICAN DEPOSITARY SHARES,

Infosys (INFY) Stock Down, Nomura Downgrades to 'Neutral'

NEW YORK (TheStreet) -- Shares of Infosys (INFY) are down 0.57% to $16.71 in early-afternoon trading after receiving a downgrade to "neutral" from "buy" at Nomura.

The firm lowered its price target on shares of the India-based business technology consulting and IT services company to $17.57 from $20.12.

The price target decrease comes as the company delivered a lower than expected performance for its 2016 fiscal first quarter, according to the analyst note.

Infosys now expects revenue growth to range between 10.5% and 12% in constant currency for the fiscal year ending March 31, 2017, down from its...


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