TCS Q2 results: Citi prefers Infosys over TCS while JPMorgan slashes target to Rs 5100 – TCS Q2 Results – Missed Estimates
JPMorgan: Maintain Overweight| Target Price: Rs 5100 JPMorgan maintained its Overweight stance on TCS post Q2 results but has revised its target price down to Rs 5100 from Rs 5200. The firm’s revenues fell by 0.4% quarter-over-quarter in constant currency terms, the weakest since the pandemic era. JPMorgan attributes much of the revenue growth to…