UPDATE: Jefferies Reiterates Buy Rating, Raises PT on iGATE Corporation on the Weekly "Edge"

In a report published Monday, Jefferies analyst Jason Kupferberg reiterated a Buy rating on

, and raised the price target from $39.00 to $47.00. In the report, Jefferies noted, “The ‘Edge' provides investors in the Computer Services & IT Consulting space with unique insights into key upcoming events and potential catalysts for the sector, while also analyzing important developments from the most recent week.” iGATE Corporation closed on Friday at $40.33.