Infosys price target raised to $25 from $21 at BMO Capital

BMO Capital raised the firm’s price target on Infosys (INFY) to $25 from $21 and keeps a Market Perform rating on the shares after its Q2 results. Despite weakness in large deal total contract value – TCV – against a difficult compare, the company sounded more bullish on the demand environment and notably for smaller deals, the analyst tells investors in a research note. BMO adds that the early signs of improvement at Infosys are encouraging for the industry, though “one quarter does not make a trend”.