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SYNT

Syntel

$26.31

0.37 (1.43%)

08:33
04/19/18
04/19
08:33
04/19/18
08:33

Syntel reports Q1 EPS 55c, consensus 44c

Reports Q1 revenue $245.3M, consensus $226.27M.

  • 19

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SYNT Syntel
$26.31

0.37 (1.43%)

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.
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.
12/21/17
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.
12/21/17
NEED
12/21/17
DOWNGRADE
NEED
Hold
Syntel downgraded to Hold from Buy at Needham

TODAY'S FREE FLY STORIES

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General news
Bank of Japan maintained the -0.1% policy rate »

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INGIY

Ingenico

$0.00

(0.00%)

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MSFT

Microsoft

$113.24

1.05 (0.94%)

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BWA

BorgWarner

$42.99

-1.17 (-2.65%)

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  • 18

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JLL

Jones Lang LaSalle

$144.15

0.795 (0.55%)

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  • 25

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RACE

Ferrari

$138.31

5.465 (4.11%)

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Earnings
Ferrari sees FY18 revenue over EUR3.4B »

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  • 18

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SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

, INAP

Internap

$12.39

-0.33 (-2.59%)

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Stein Mart

$1.97

-0.09 (-4.37%)

INAP

Internap

$12.39

-0.33 (-2.59%)

TRVG

Trivago

$5.13

0.26 (5.34%)

PRQR

ProQR Therapeutics

$20.25

-1.4 (-6.47%)

MSFT

Microsoft

$113.24

1.05 (0.94%)

EVOP

EVO Payments

$26.27

-0.42 (-1.57%)

TSM

TSMC

$43.57

-0.2 (-0.46%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

18:58
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Periodicals
China to place new tariffs on $60B in U.S. exports, WSJ says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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SQ

Square

$87.97

1.1 (1.27%)

18:55
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18:55
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Periodicals
Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

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MSFT

Microsoft

$113.24

1.05 (0.94%)

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Hot Stocks
Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

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  • 21

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  • 03

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KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

18:39
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Kirkland Lake Gold acquires shares of Osisko Mining »

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  • 23

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
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Hot Stocks
Breaking Hot Stocks news story on Microsoft »

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  • 21

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OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
09/18/18
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18:23
Downgrade
OMA Airports rating change at Santander »

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CE

Celanese

$113.41

-0.03 (-0.03%)

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Celanese raises prices for acetate tow in Eastern Europ and Asia by $1/kg »

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

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Recommendations
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  • 18

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RIG

Transocean

$11.93

0.335 (2.89%)

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Initiation
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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
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Initiation
Noble Corp. initiated at Morgan Stanley »

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  • 24

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CCOEY

Capcom

17:24
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Periodicals
Capcom shutting down Vancouver studio, Kotaku says »

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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
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Syndicate
Breaking Syndicate news story on Best Buy »

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
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Initiation
Diamond Offshore initiated at Morgan Stanley »

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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
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Upgrade
TSMC rating change at Morgan Stanley »

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WHD

Cactus

$35.93

1.24 (3.57%)

17:17
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Initiation
Cactus initiated at Morgan Stanley »

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

17:15
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Periodicals
Senators seek punishment if ZTE strays from deal, Reuters says »

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