Infosys climbs 2% as BofA Securities double upgrades IT services major
Also, transformational IT spends could see an uptick post US elections Upcoming earnings to provide last cut/floor to CY24E, the brokerage said. Also, it stated that valuation affords the case for our upgrade.
Additionally, BofA is of the view that amidst the 2027 support, SAP upgrade deadline is becoming more of a priority for enterprises.