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Fly News Breaks for February 16, 2016
LXFT
Feb 16, 2016 | 07:27 EDT
UBS lowered its price target on Luxoft to $65 from $84 citing multiple compression on increased uncertainty and in line with long-term growth prospects. The firm believes near-term could be bumpy but they remain confident in the company's long-term prospects. UBS reiterated its Buy rating on Luxoft shares.
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