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Fly News Breaks for April 26, 2019
Apr 26, 2019 | 09:36 EDT
Barrington analyst Vincent Colicchio raised his price target for WNS Holdings to $68 from $60 following the company's better than expected fiscal Q4 results. While the company added 25 new clients in fiscal 2019 versus 29 in fiscal 2018, the average annual contract value of the deals added in fiscal 2019 increased 35% year-over-year, Colicchio tells investors in a post-earnings research note. He believes this should help WNS generate "strong" revenue growth over the next few years. The analyst keeps an Outperform rating on the shares.
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