Infosys Shares Surge Despite Jefferies' Significant Price Target Reduction

shares jumped nearly 3% despite Jefferies lowering its price target by 15% to ₹1,835. Investor optimism, driven by a perceived softening of US tariff stances, fueled the surge. Jefferies cited Infosys' strong free cash flow and improved payouts as reasons for its continued "Buy" rating, projecting 4-6% FY26 revenue growth. This contrasts with a recent "Neutral" rating from Motilal Oswal, highlighting market uncertainty.