** Indian IT services co Infosys INFY.NS on Wednesday unexpectedly raised rev forecast for FY26 to 3-3.5%, vs earlier estimates of 2-3%
** Co's revenue for Q3 rose 8.9% to 454.79 bln rupees ($5.04 bln), beating analyst estimates; net profit fell 2.2% to 66.54 bln rupees ($736.2 mln), missing estimates
** Stock up 4.5% in early trading on Friday, set for best intraday gains since September
OUTLOOK IMPLIES MUTED Q4, BUT ANALYSTS OPTIMISTIC ON GROWTH
** Emkay Securities ("buy", PT 1750 rupees) notes strong deal wins despite "mixed" performance
** Jefferies ("buy", PT 1880 rupees) highlights large deal wins of $4.7 bln and 0.6% q-o-q rev growth
** Dam Capital ("buy", PT 1870) says outlook implies -1.7% to no decline for Q4, partially offset by mega NHS deal of $1.6 bln
** Ambit Capital ("sell", PT 1555 rupees) says INFY relatively preferred in sector, but expects muted volume growth and implied Q4 decline from guidance
(Reporting by Abhirami G in Bengaluru)
((abhirami.g@thomsonreuters.com))
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