TCS, HCLTech, Infosys' Ratings Cut: Jefferies Says 'P(AI)n Not Over Yet', Downgrades Six IT Stocks

Jefferies said AI is likely to shift the revenue mix toward consulting and implementation work, and Coforge, Sagility and IKS Health are its preferred picks.

Feb 23, 2026 - 12:00
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TCS, HCLTech, Infosys' Ratings Cut: Jefferies Says 'P(AI)n Not Over Yet', Downgrades Six IT Stocks
Jefferies said AI is likely to shift the revenue mix toward consulting and implementation work, and Coforge, Sagility and IKS Health are its preferred picks.

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