Citigroup Downgrades Indian IT Space
Wednesday, November 07, 2007
A month after Lehman Brothers downgraded Indian IT companies, Citigroup Analyst gathered the courage and downgraded the earnings target. We had also said that a downgrade was necessary which has come a bit too late.Here are the new Target prices for Infosys, Wipro, TCS, Satyam as set by Citigroup.
Infosys Technologies - Rs 2190
TCS - Rs 1290
Wipro - Rs 565
Satyam - Rs 565
HCL Tech - Rs 365
i-Flex - Rs 1570
Patni - Rs 475
Mphasis - Rs 360
Hexaware - Rs 122
Sasken - Rs 372
KPIT - Rs 140
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