UPDATE: Citigroup Upgrades WNS Limited to Buy on Fundamentals, Demand Improvement
Citigroup upgraded WNS Limited (NYSE: WNS) from Neutral to Buy and announced a $15.00 price target.
Citigroup noted, "Upgrading WNS to Buy with a $15 target price on (1) improving demand trends for offshore BPO services; (2) better underlying fundamentals for WNS in terms of solid execution on its expansion / go-to-market strategies; (3) improved balance sheet position; and (4) attractive current valuation."
WNS Limited closed at $12.25 on Thursday.
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