Goldman Sachs has recently reduced price targets for Indian IT stocks in light of projected lower revenue growth amidst economic uncertainties in the United States. The downgrade specifically affects companies such as LTI and Mindtree, which heavily rely on revenue from the US market. However, TCS has emerged as a more promising investment option according to the brokerage. The report emphasized the persisting challenges faced by the IT sector, including restrained discretionary spending and the likelihood of project delays stemming from macroeconomic conditions. This move by Goldman Sachs underscores the cautious outlook towards the Indian IT industry in the current global economic landscape.