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Fly News Breaks for June 1, 2018
LXFT
Jun 1, 2018 | 09:12 EDT
Credit Suisse analyst Charles Brenman upgraded Luxoft to Neutral, but cut its price target to $35 from $45, following management's CMD meeting yesterday that was positive in tone. The analyst said the automotive opportunity came across well and management is targeting growth of 17.5% and EBITDA margins of 17%, which suggests shares could be trading near a trough.
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