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Fly News Breaks for August 10, 2018
VRTU
Aug 10, 2018 | 09:32 EDT
Barrington analyst Vincent Colicchio raised his price target for Virtusa to $64 following the company's better than expected Q1 results. While Citigroup, Virtusa's largest account, underperformed expectations in Q1, the account grew 25% year-over-year and remains a large opportunity, Colicchio tells investors in a research note. He believes the client should grow sequentially throughout fiscal 2019 and keeps an Outperform rating on Virtusa.
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