NEW YORK (TheStreet) -- Shares of Infosys  (INFY - Get Report) are up by 0.30% to $18.18 in mid-afternoon trading on Tuesday, as KeyBanc Capital initiated coverage of the stock with a "sector weight" rating this morning. 

The firm sees fair value at $19 for the India-based company that provides business consulting, information technology and outsourcing services.

The coverage comes as Infosys' first non-founder CEO, Vishal Sikka, "has revitalized the company by providing a clear vision, reevaluating its offering and bringing in discipline to organization that had seen significant leadership turnover," according to the analyst note. 

KeyBanc says the new CEO has improved employee morale and has been "aggressively pursuing deals (i.e. lower pricing)." 

While Sikka has helped grow revenue, the firm remains cautious on its price target and rating for the company as it worries that growth based on pricing is "not sustainable over the medium to long term." 

"We would like to see the company deliver double-digit growth along with stable pricing for us to get more constructive," KeyBanc wrote. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate INFOSYS LTD as a Buy with a ratings score of A-. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

You can view the full analysis from the report here: INFY

INFY Chart INFY data by YCharts