An attendee types on a keyboard. (Photographer: John Taggart/Bloomberg)
Morgan Stanley chose to remain selective on mid-sized technology companies as the global investment bank assesses feasibility of growth estimates against their elevated valuations.The financial services provider upgraded Mindtree Ltd. to ‘overweight’, saying it will surprise the street on revenue growth as well as margin. It upgraded Cyient Ltd. to ‘equal-weight’, while downgrading L&T Infotech Ltd. and Mphasis Ltd., according to a n...