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In a report published Monday, Jefferies reiterated its Hold rating on ExlService Holdings
EXLS, and raised its price target from $27.00 to $32.00.
Jefferies noted, “4Q revs/margins were in-line with expectations, which along with modest benefit from tax/FX led to slight EPS beat. F13 revs guidance might be slightly conservative since EXLS is experiencing improving demand conditions and solid long-term growth trends in core verticals. Strong print/commentary drove the stock up today, but at current valuation risk/reward seems balanced. Maintain Hold.”
ExlService Holdings closed on Friday at $30.27.
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