IT Stocks In Focus As CLSA Raises Target Prices - Most Bullish On Persistent, Coforge, LTIMindtree
Brokerage firm CLSA has raised its share price targets for eight information technology stocks, while revising recommendations on two, just days before the third quarter earnings season kicks in. The most bullish upside is projected for Persistent Systems Ltd., Coforge Ltd. and LTIMindtree Ltd. due to stronger earnings growth backed by credible management execution. Persistent remains delinked to macro with strong capabilities and execution, analysts said.
