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J.P.Morgan, Barclays upgrade India's Infosys to 'overweight'

Source : REUTERS
Last Updated: Mon, Jan 14, 2013 04:02 hrs

MUMBAI, Jan 14 (Reuters) - J.P.Morgan and Barclays Capital upgraded their ratings on Infosys to "overweight", citing an expected improvement in earnings after the Indian software services exporter posted better-than-expected results and revenue outlook on Friday.

Barclays raised Infosys Ltd to "overweight" from "equal weight", while J.P.Morgan raised its rating from "neutral." (Reporting by Abhishek Vishnoi and Rafael Nam; Editing by Subhranshu Sahu)


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