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Fly News Breaks for January 11, 2016
G, WNS, CTSH, SYNT
Jan 11, 2016 | 06:31 EDT
JPMorgan analyst Puneet Jain upgraded Syntel (SYNT) to Neutral with an unchanged price target of $50 citing an attractive valuation and easier revenue comps going forward. In Computer Services & IT Consulting, the firm's top pick for 2016 is Cognizant (CTSH). JPMorgan also recommends a pair trade of long WNS Holdings (WNS), short Genpact (G).
News For SYNT;CTSH;WNS;G From the Last 2 Days
CTSH
Apr 22, 2024 | 08:33 EDT
WNS
Apr 22, 2024 | 05:24 EDT
Citi analyst Ryan Potter lowered the firm's price target on WNS Holdings to $62 from $80 and keeps a Buy rating on the shares. The analyst continues to have a cautious view toward the enterprise IT spending environment into the Q1 reports with the demand environment relatively unchanged from late 2023. This includes continued pressures on discretionary spend and delayed decision-making as macro, geopolitical, and some industry-specific concerns remain, the analyst tells investors in a research note.
G
Apr 22, 2024 | 05:22 EDT
Citi analyst Ryan Potter lowered the firm's price target on Genpact to $33 from $36 and keeps a Neutral rating on the shares. The analyst continues to have a cautious view toward the enterprise IT spending environment into the Q1 reports with the demand environment relatively unchanged from late 2023. This includes continued pressures on discretionary spend and delayed decision-making as macro, geopolitical, and some industry-specific concerns remain, the analyst tells investors in a research note.
CTSH
Apr 22, 2024 | 05:21 EDT
Citi analyst Ryan Potter lowered the firm's price target on Cognizant to $82 from $90 and keeps a Buy rating on the shares. The analyst continues to have a cautious view toward the enterprise IT spending environment into the Q1 reports with the demand environment relatively unchanged from late 2023. This includes continued pressures on discretionary spend and delayed decision-making as macro, geopolitical, and some industry-specific concerns remain, the analyst tells investors in a research note.
