VanceInfo Technologies, Inc.’s (VIT) Price Target Raised
By Benzinga Staff
February 26, 2010 8:38 PM
February 26, 2010 8:38 PM
Symbols: VIT
Analyst Joseph Vafi at Jefferies & Company, Inc. has raised the price target for VanceInfo Technologies, Inc. (NYSE: VIT) from $21 to $24.
Jefferies believes that with the return of sequential growth to US based revenue, ongoing growth in China, and the potential for margin expansion, the company should see P&L acceleration through 2010.
The company has reported strong results for the fourth-quarter, which saw strong top-line, and bottom-line performance.
Jefferies continues to rate VanceInfo Technologies, Inc. as a Buy.
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