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Fly News Breaks for July 23, 2018
SYNT
Jul 23, 2018 | 08:12 EDT
Loop Capital analyst Joseph Vafi downgraded Syntel to Hold from Buy and raised his price target to $41 from $36 after the company's $41 per share acquisition by Atos announced this weekend. The analyst contends that given its size, Syntel is unlikely to induce a bidding war while also noting the attractiveness of its margin structure and North American market presence.
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