19 Jan 2026 | 3 Mins Read
Morgan Stanley downgrades Wipro, expects persistent margin pressure
Flipitmoney
Morgan Stanley downgraded Wipro to "underweight", cutting the price target to ₹242 from ₹270. Guidance for the fourth quarter shows 0-2% revenue growth, lower than analysts' 1-3% estimate, likely widening the price-to-earnings multiple discount versus peers. Jefferies maintained an "underperform" rating with a ₹220 target.