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Morgan Stanley Upgrades Mindtree, Cyient Even As It Remains Selective On Mid-Cap IT
Morgan Stanley has upgraded Mindtree and Cyient, even as it downgraded Mphasis and L&T Infotech.
05 Mar 2021, 02:16 PM IST
Morgan Stanley chose to remain selective on mid-sized technology companies as the global investment bank assesses feasibility of growth estimates against their elevated valuations.The financial services provider upgraded Mindtree Ltd. to ‘overweight’, saying it will surprise the street on revenue growth as well as margin. It upgraded Cyient Ltd. to ‘equal-weight’, while downgrading L&T Infotech Ltd. and Mphasis Ltd., according to a n...
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