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Fly News Breaks for December 21, 2017
SYNT
Dec 21, 2017 | 07:34 EDT
Needham analyst Mayank Tandon downgraded Syntel to Hold from Buy citing the recent rally in the shares. Further, the analyst found management's tone cautious on the Q3 conference call regarding growth headwinds in its core Banking & Financial Services and Healthcare verticals. He sees no reason to change his prior price target of $28.
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