4 IT stocks Morgan Stanley raises target price on

Sirali Gupta

Mar 06,2024

Global brokerage Morgan Stanley raised its target price for four information technology (IT) stocks.

The move comes days after CLSA downgraded TCS and HCL Tech while maintaining ratings for Infosys, Tech Mahindra, LTI Mindtree, and Wipro.

Here's what Morgan Stanley suggests on 4 IT stocks:

Infosys

Morgan Stanley continues with 'overweight' and raises the target price to Rs 1,820 from Rs 1,700.

TCS

The brokerage maintains 'overweight' and raises the target to Rs 4,600 from Rs 4,240.

Wipro

Morgan Stanley iterates 'underweight' and raises the target price to Rs 475 from Rs 460.

HCL Tech

Continues 'equalweight' and raises the target price to Rs 1,750 from Rs 1,600.