Citi revises its target price for Tata Consultancy Services (TCS) while maintaining a “Sell” rating. The update follows sector-related challenges cited by the brokerage, and it changes the expected return profile for the stock.
According to Citi’s assessment, the revised target implies about 10% downside from TCS’ September 25 closing price of Rs 2,083.95. Citi also estimates a dividend yield of around 5.7%, which together with expected price movement leads to an estimated total return of about -4.4%.
Both reports describe the same Citi move—target reduction paired with the unchanged Sell stance—without additional differences in details beyond the implied downside, dividend yield, and the resulting total return calculation.
