Monday, September 5, 2011

Goldman Sachs Downgrades Top Indian IT Companies

Goldman Sachs has cut the price target for India's top tier IT companies after the announcement of dissmal jobs data from US on 2nd Sep 2011 which has triggred the fear of US falling into recession again. 

Goldman Sachs has cut the price target of Tata Consultancy Services, to Rs 1,115 from Rs 1,264. The price target for Infosys is lowered to Rs 3,004 per share from Rs 3,330 and that of Wipro to Rs 390 from Rs 440 per share.

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