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SYNT

Syntel

$26.06

-16.58 (-38.88%)

09:11
10/05/16
10/05
09:11
10/05/16
09:11

Syntel beginning to look more interesting, says Baird

Baird analyst David Koning noted Syntel shares will begin trading ex-dividend after paying a $15 per share special dividend. The analyst is now viewing the shares as more interesting, noting they are selling at a discount to peers. Koning maintains his Neutral rating and has placed a new $35 price target on Syntel shares.

SYNT Syntel
$26.06

-16.58 (-38.88%)

07/15/16
MAXM
07/15/16
DOWNGRADE
MAXM
Hold
Update: Syntel downgraded to Hold on valuation at Maxim
As reported previously, Maxim downgraded Syntel to Hold from Buy. Analyst Brian Kinstlinger downgraded shares citing the recent recovery in shares and slowing growth projections following disappointing 2016 guidance.
09/15/16
WBLR
09/15/16
DOWNGRADE
WBLR
Underperform
Syntel downgraded to Underperform from Market Perform at William Blair
William Blair analyst Anil Doradla downgraded Syntel to Underperform citing long-term structural concerns.
09/22/16
BRRR
09/22/16
DOWNGRADE
BRRR
Market Perform
Syntel downgraded to Market Perform from Outperform at Barrington
Barrington analyst Vincent Colicchio downgraded Syntel to Market Perform saying he's "increasingly concerned that the challenging environment will continue to negatively impact the company's business." The analyst calls Syntel's current demand trends "worrisome."
09/22/16
09/22/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CBS (CBS) downgraded to Market Perform from Outperform at Telsey Advisory with analyst Tom Eagan saying that CBS will probably merge with Viacom (VIA, VIAB). 2. Jabil Circuit (JBL) downgraded to Hold from Buy at Needham with analyst Sean Hannan saying that 2017 will unlikely be a "robust year." 3. Pearson (PSO) downgraded to Neutral from Outperform at Exane BNP Paribas. 4. Syntel (SYNT) downgraded to Market Perform from Outperform at Barrington with analyst Vincent Colicchio saying he's "increasingly concerned that the challenging environment will continue to negatively impact the company's business." 5. FMC Technologies (FTI) downgraded to Neutral from Accumulate at Seaport Global wit analyst Mark Brown saying upstream customers have "little appetite" for deepwater development spending. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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