BofA selective on midcap IT: Coforge named Sole ‘Buy’ but Mphasis, Persistent rated ‘Underperform’
- Posted on July 2, 2026
- By Financial Express
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- 1 min read
BofA selective on midcap IT: Coforge named Sole ‘Buy’ but Mphasis, Persistent rated ‘Underperform’
BofA has initiated coverage on four midcap IT companies, naming Coforge its only Buy while remaining cautious on Mphasis, Persistent Systems and LTIMindtree despite the long-term AI opportunity. The brokerage says execution, valuation and sustainable growth will determine future winners in India's IT services sector.
