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Fly News Breaks for October 26, 2018
WNS
Oct 26, 2018 | 06:44 EDT
Loop Capital analyst Joseph Vafi raised his price target on WNS Holdings to $63 and kept his Buy rating after its Q2 earnings beat, saying the company continues to benefit from the convergence of tailwinds that include "a solid macro backdrop, focused verticalization of service offerings, and adoption of new technologies, including cloud and automation". The analyst adds that the company's margins are above peers and should see more incremental improvement on "overhead utilization and large deal ramps hitting critical mass."