KPIT Tech shares hit by downgrades, target price cuts. What JPMorgan and other brokerages said
Published on: July 1, 2026, 11:38 a.m. | Source: The Economic Times
KPIT Technologies shares plunged after the company issued a weak preliminary Q1 FY27 business update, prompting several brokerages, including JPMorgan and JM Financial, to downgrade the stock and cut target prices. While analysts remain optimistic about the company's long-term prospects, they expect near-term earnings and growth to remain under pressure.
