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Fly News Breaks for November 15, 2017
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Nov 15, 2017 | 07:52 EDT
Baird analyst David Koning noted the secondary offering of Genpact was Bain Capital selling shares, but said they will still retain a 25% stake in the company. The analyst believes the shares will be weak following the offering, but views the risk/reward as very good with downside risk limited. Koning reiterated his Outperform rating and $38 price target on Genpact shares.
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