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Fly News Breaks for December 1, 2017
WNS
Dec 1, 2017 | 09:01 EDT
Needham analyst Mayank Tandon raised his price target on WNS Holdings to $52 and kept his Strong Buy rating. Tandon says his latest industry checks suggest that the industry backdrop remains healthy for Business Process Outsourcing and analytics services while many of the large deals signed by the company over the past 4-5 years enter the "sweet spot" of their ramp up phase. The analyst says that despite the recent run-up in stock price, risk-reward remains favorable at 16-times his FY20 EPS view.