scorecardresearchJefferies downgrades 6 IT stocks on US recession fears; Wipro, Coforge cut to underperform

Jefferies downgrades 6 IT stocks on US recession fears; Wipro, Coforge cut to underperform

Updated: 11 Jul 2022, 03:17 PM IST
TL;DR.
It downgraded Coforge to underperform as its large number of sub-$1 million relationships add risks to growth and Wipro to underperform due to risks of higher consulting exposure and slippage in margins due to acquisitions.
It downgraded Coforge to underperform as its large number of sub-$1 million relationships add risks to growth and Wipro to underperform due to risks of higher consulting exposure and slippage in margins due to acquisitions.

It downgraded Coforge to underperform as its large number of sub-$1 million relationships add risks to growth and Wipro to underperform due to risks of higher consulting exposure and slippage in margins due to acquisitions.