UPDATE: Goldman Sachs Upgrades WNS on Potential for Faster Growth
In a report published on Monday, Goldman Sachs analyst Julio C. Quinteros Jr. upgraded WNS (NYSE: WNS) from Neutral to Buy and raised the price target from $15 to $19.
In the report, Goldman Sachs noted, "Following our recent field trip to India we upgrade WNS Holdings to Buy from Neutral as we believe the firm is well positioned to outperform consensus expectations on both the top and bottom lines. After visiting with
numerous IT Services firms in India we believe that Offshore BPO services stand out with lower penetration and faster growth compared with traditional IT offshore models."
At the time of publication, WNS traded at $16.51.
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