VERIFIEDET Stocks·1 Jul 2026negative

KPIT Tech shares hit by downgrades, target price cuts. What JPMorgan and other brokerages said

AI Summary

·KPIT Technologies shares declined following a weak preliminary Q1 FY27 business update.
·JPMorgan and JM Financial were among brokerages that downgraded the stock and reduced target prices.
·Analysts anticipate near-term earnings and growth to be under pressure despite long-term optimism.