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Elliot Wave Bullish on India |
sandew
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sandew
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Joined: 02 Feb 2009
Posts: 174
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Post: #2  Posted: Sat Jan 09, 2010 6:48 pm Post subject: |
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set up for earning season
Infosys Technologies (INFY: Nasdaq) By Jefferies & Co. ($56.11, Jan. 7, 2010)
WE ARE REDUCING OUR rating on Infosys Technologies (ticker: INFY) from Buy to Hold, as we feel a 2010 profit-and-loss recovery is fully baked into the stock price. Even with our fiscal 2011 earnings-per-share estimate ahead of consensus by 22 cents, valuation of 23 times fiscal 2011 seems very full, in our view.
We are upping estimates above consensus but downgrading the stock. While rebounding demand, especially in financials, likely means consensus estimates will be moving higher, we believe our fiscal 2011 estimates already reflect where consensus will ... |
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sharemuthu
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Joined: 21 Aug 2009
Posts: 154
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| Post: #3 Posted: Sun Jan 10, 2010 5:52 pm Post subject: nice |
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| sandew wrote: | set up for earning season
Infosys Technologies (INFY: Nasdaq) By Jefferies & Co. ($56.11, Jan. 7, 2010)
WE ARE REDUCING OUR rating on Infosys Technologies (ticker: INFY) from Buy to Hold, as we feel a 2010 profit-and-loss recovery is fully baked into the stock price. Even with our fiscal 2011 earnings-per-share estimate ahead of consensus by 22 cents, valuation of 23 times fiscal 2011 seems very full, in our view.
We are upping estimates above consensus but downgrading the stock. While rebounding demand, especially in financials, likely means consensus estimates will be moving higher, we believe our fiscal 2011 estimates already reflect where consensus will ... |
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