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Fly News Breaks for September 8, 2016
WIT
Sep 8, 2016 | 20:11 EDT
Wedbush analyst Moshe Katri initiated Wipro with an Underperform and a $8.50 price target. The analyst expects below sector revenue growth given Wipro's exposure to weak Telecom, Utilities and Gas verticals, minimal exposure and traction in the FS sector, lagging revenues in the SMAC space, and ongoing legacy services cannibalization.
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