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Fly News Breaks for June 4, 2015
SYNT
Jun 4, 2015 | 10:56 EDT
Wells Fargo noted that Syntel shareholders recently approved a doubling to 200M of the company's authorized shares, which suggests the board may be preparing for a stock split, adding that the company doesn't have a history of making acquisitions. Wells thinks a stock split could be a modest positive that would improve the float and its keeps an Outperform rating on the name.
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