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Fly News Breaks for September 7, 2018
LXFT
Sep 7, 2018 | 08:10 EDT
KeyBanc analyst Arvind Ramnani raised his price target on Luxoft to $57 from $47 and said he remains a buyer based on decreasing customer concentration, a healthy demand environment for differentiated digital solutions and Luxoft's deep domain expertise. Ramnani, who has an Overweight rating on Luxoft shares, tells investors in a research note that the stock has recovered in the past few months and he expects expect that continued execution will likely drive the stock higher.
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