Syntel (SYNT) Rises 3.3% After Deutsche Bank Upgrade
By Daniel James Hayden IV
February 16, 2010 8:11 PM
February 16, 2010 8:11 PM
Symbols: SYNT
Tags: Deutsche Bank, Syntel
Posted in: Analyst Color, Long Ideas, News, Upgrades, Price Target, Markets, Analyst Ratings, Movers, Trading Ideas
Shares of Syntel, Inc. (Nasdaq: SYNT) were up 3.3% today after Deutsche Bank raised its rating of the company's shares from Sell to Hold.
Analysts at Deutsche Bank also lowered the price target of the information technology and knowledge process outsourcing company from $39 to $35 but the stock had already fallen from over $41 to around $32 in the last three months.
Syntel's 52 week price range is $17.18 to $49.97 and it closed Tuesday at $33.19.
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