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Fly News Breaks for July 8, 2016
WNS
Jul 8, 2016 | 07:06 EDT
In a research note titled "Keep Calm and Buy WNS," Citi analyst Ashwin Shirvaikar points out that shares of WNS Holdings are down 17.5% since the Brexit referendum vote. Selling WNS because of its 44% of revenue from the U.K. fails consider the company's revenue stability, the analyst contends. "Investors who put in the effort to examine WNS carefully should benefit" from the recent selloff, Shirvaikar writes. He keeps a Buy rating on the shares and reduced his price target to $35 from $36.
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