Fri, Feb 5, 2021 3:21 PM
Robinhood withdraws trading restrictions on all stocks
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Analysts at most of the top brokerages reduced or retained share price targets on Infosys following the company's reduced revenue guidance following its March quarter results. The stock fell 0.51% to close at ₹1,411.95 on Friday. The average analyst price targets on Infosys after the fourth quarter results stood at ₹1,582.12, implying an upside of 12% over Friday's closing.
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Tesla CEO Elon Musk's India visit is likely to be postponed, CNBC-TV18 reported, citing unidentified people. Musk was expected to visit India on April 21 and 22 and meet Prime Minister Narendra Modi. On April 10, Musk posted on X that he was looking forward to the meeting with PM Modi. Moneycontrol earlier reported that Musk was to announce an investment of $2-3 billion in India.
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A JPMorgan analyst recently lowered his price target on 3M stock to $110 from $118 and retained his neutral rating on it. That new price target still anticipates a near-20% upside over 12 months from the current price of about $92, highlighting the stock's value case. It looks like a downgrade, but in reality, the change reflects the spin off of 3M's healthcare business, now trading as Solventum.
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