India's Coforge eyes worst day in 4 years as Q4 rev misses estimates

** Shares of Coforge COFORGE down 8.5% at 4,560.45 rupees, set for worst day since April 3, 2020

** COFO top pct loser on Nifty IT index CNXIT, which is down 0.2%; stock at lowest price since June 26, 2023

** Co's Q4 revenue fell short of analysts' estimate on Thursday

** Jefferies double-downgrades COFO to "underperform", cuts PT to 4,290 rupees from 7,650 rupees

** Says key negative surprise was co not offering growth guidance for FY25; adds acquisition of Cigniti adds another layer of execution risk and imminent QIP may be an overhang

** At least 12 analysts cut their PTs - avg PT is 5,761.39 rupees, rating is "hold" - LSEG

** Four of top five Indian IT firms, which doesn't include COFO, rated "hold" on avg; Infosys INFY1! only "buy" rated stock in IT index- LSEG

** YTD, COFO down 27.35% - most in 10-member IT index