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Fly News Breaks for November 16, 2018
LXFT
Nov 16, 2018 | 07:35 EDT
KeyBanc analyst Arvind Ramnani downgraded Luxoft to Sector Weight from Overweight, citing soft demand from European Banks and a lack of catalysts in other businesses to drive significant revenue upside. He maintains that Luxoft's operational presence in Eastern Europe will enable the company to offer its clients differentiated digital capabilities, which could potentially drive medium-/long-term healthy revenue growth.
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