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SYNT

Syntel

$21.91

0.25 (1.15%)

08:35
02/15/18
02/15
08:35
02/15/18
08:35

Syntel reports Q4 EPS 51c, consensus 39c

Reports Q4 revenue $239.8M, consensus $213.68M.

  • 15

    Feb

  • 20

    Feb

SYNT Syntel
$21.91

0.25 (1.15%)

12/21/17
NEED
12/21/17
DOWNGRADE
NEED
Hold
Syntel downgraded to Hold from Buy at Needham
12/21/17
NEED
12/21/17
DOWNGRADE
NEED
Hold
Syntel downgraded to Hold on valuation at Needham
Needham analyst Mayank Tandon downgraded Syntel to Hold from Buy citing the recent rally in the shares. Further, the analyst found management's tone cautious on the Q3 conference call regarding growth headwinds in its core Banking & Financial Services and Healthcare verticals. He sees no reason to change his prior price target of $28.
12/29/17
WELS
12/29/17
DOWNGRADE
Target $21
WELS
Underperform
Syntel downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo analyst Ed Caso downgraded Syntel to Underperform with an unchanged price target of $21. The analyst sees the company's "weak" positioning for the ongoing shift in information technology demand from "legacy" low-cost offshore-centric software services to more onshore-necessary "digital" solutions as dragging down its growth and margins. This is reflected in Syntel's "weak" organic growth in recent quarters and expected again in Q4, Caso tells investors in a research note. Further, the analyst sees limited to no benefit for Syntel from U.S. tax reform.
12/29/17
12/29/17
NO CHANGE

On The Fly: Top five analyst actions
Catch up on today's top five analyst actions with this list compiled by The Fly: 1. AstraZeneca (AZN) upgraded to Overweight from Neutral at JPMorgan with analyst James Gordon saying the company's "superior medium-term growth outlook," which is twice the peer average, warrants a 25% sector premium. 2. PriceSmart (PSMT) upgraded to Outperform from Market Perform at IFS Securities. 3. Novo Nordisk (NVO) upgraded to Neutral from Underweight at JPMorgan with analyst Richard Vosser saying he expects "strong" oral semaglutide Phase III newsflow in 2018. 4. Syntel (SYNT) downgraded to Underperform from Market Perform at Wells Fargo with analyst Ed Caso saying he sees the company's "weak" positioning for the ongoing shift in information technology demand from "legacy" low-cost offshore-centric software services to more onshore-necessary "digital" solutions as dragging down its growth and margins. 5. RioCan REIT downgraded to Sector Perform from Outperform at RBC Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CVS

CVS Health

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SPX

S&P 500

$0.00

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3.19 (1.13%)

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NOK

Nokia

$6.26

-0.03 (-0.48%)

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DNR

Denbury Resources

$1.95

0.06 (3.17%)

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Penn Virginia

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Penn Virginia

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IMMP

Immutep

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-0.095 (-3.82%)

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PVAC

Penn Virginia

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Denbury Resources

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0.06 (3.17%)

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PVAC

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DNR

Denbury Resources

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0.06 (3.17%)

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LLL

L3 Technologies

$208.75

1.535 (0.74%)

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GM

General Motors

$37.35

0.35 (0.95%)

17:42
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GM to invest $300M in Orion EV/AV factory, Reuters reports »

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  • 27

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GD

General Dynamics

$169.81

1.21 (0.72%)

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  • 28

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NKE

Nike

$88.05

1.3597 (1.57%)

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NKE

Nike

$88.05

1.3597 (1.57%)

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Earnings
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  • 21

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NKE

Nike

$88.05

1.3597 (1.57%)

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LOV

Spark Networks

$11.29

(0.00%)

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ACA

Arcosa

$29.74

-0.16 (-0.54%)

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JNJ

Johnson & Johnson

$138.09

0.86 (0.63%)

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LPI

Laredo Petroleum

$3.33

0.045 (1.37%)

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NKE

Nike

$88.05

1.3597 (1.57%)

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ULTA

Ulta Beauty

$335.02

4.31 (1.30%)

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Conference/Events
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  • 26

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ZYXI

Zynex

$4.45

0.02 (0.45%)

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JE

Just Energy

$3.46

0.02 (0.58%)

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GORO

Gold Resource

$3.95

0.01 (0.25%)

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  • 20

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PLCE

Children's Place

$87.50

-0.44 (-0.50%)

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  • 28

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PNC

PNC Financial

$122.90

-2.56 (-2.04%)

16:59
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Conference/Events
PNC Financial management to meet with Evercore ISI »

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  • 26

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BHB

Bar Harbor Bankshares

$24.04

-0.31 (-1.27%)

16:56
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BMWYY

BMW

$0.00

(0.00%)

16:55
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BMW management to meet with Evercore ISI »

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  • 22

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