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Fly News Breaks for June 7, 2017
WIT
Jun 7, 2017 | 05:42 EDT
Jefferies analyst Vaibhav Dhasmana last night downgraded Wipro to Underperform with a price target of 440 rupees. The company has delivered "zero organic growth" over the past five quarters, and things are unlikely to change soon, Dhasmana tells investors in a research note. The analyst sees "too much optimism" following the recent share performance.
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