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SYNT

Syntel

$27.85

1.54 (5.85%)

05:23
04/20/18
04/20
05:23
04/20/18
05:23

Syntel upgraded to Market Perform from Underperform at Wells Fargo

Wells Fargo analyst Ed Caso upgraded Syntel to Market Perform and raised his price target for the shares to $26 from $21. The analyst sees less headwinds following the company's better than expected Q1 results. He notes that four of five of Syntel's verticals grew by double-digits in the quarter.

  • 22

    May

  • 23

    May

SYNT Syntel
$27.85

1.54 (5.85%)

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.
04/19/18
WLSD
04/19/18
UPGRADE
WLSD
Gradually Accumulate
Syntel upgraded to Gradually Accumulate from Hold at Wellington Shields

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KIDS

OrthoPediatrics

$33.46

0.75 (2.29%)

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KIDS

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0.75 (2.29%)

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CTL

CenturyLink

$21.83

0.79 (3.75%)

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RHHBY

Roche

$0.00

(0.00%)

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HPE

HP Enterprise

$15.57

0.24 (1.57%)

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Hewlett Packard Enterprise put volume heavy and directionally bearish »

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CLF

Cleveland-Cliffs

$10.92

-0.55 (-4.80%)

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  • 19

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VLKAY

Volkswagen

$0.00

(0.00%)

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Periodicals
VW starts construction on all-electric vehicle plant in China, Electrek says »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$278.59

2.26 (0.82%)

11:23
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Periodicals
Mnuchin to attend Saudi anti-terror financing meeting, Washington Post says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$278.59

2.26 (0.82%)

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HLT

Hilton

$71.80

-0.28 (-0.39%)

11:20
10/19/18
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Options
Call buyers in Hilton ahead of earnings next week »

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  • 24

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General news
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APHB

AmpliPhi

$0.34

0.0142 (4.38%)

11:19
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UCFC

United Community Financial

$9.40

0.03 (0.32%)

11:18
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NUVA

NuVasive

$61.95

-6.29 (-9.22%)

11:17
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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NYSE market internals summary »

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F

Ford

$8.44

-0.065 (-0.76%)

, GM

General Motors

$31.17

0.09 (0.29%)

11:15
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Fly Intel: Today's top analyst calls on Wall Street »

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F

Ford

$8.44

-0.065 (-0.76%)

GM

General Motors

$31.17

0.09 (0.29%)

ROKU

Roku

$57.13

0.14 (0.25%)

DIG

The Walt Disney Internet Group

$39.45

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EBAY

eBay

$28.84

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PYPL

PayPal

$84.80

7.3 (9.42%)

TSLA

Tesla

$261.50

-2.35 (-0.89%)

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  • 03

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LOGC

LogicBio Therapeutics

$0.00

(0.00%)

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Syndicate
LogicBio Therapeutics open at $10.71, IPO priced at $10.00 per share »

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