Maxim Group Initiates iGATE With Buy

Analysts at Maxim Group initiated coverage on iGATE

with a Buy rating. The target price for iGATE is set to $52. iGATE shares have surged 55.43% over the past 52 weeks, while the S&P 500 index has gained 18.08% in the same period. iGATE's shares gained 0.26% to close at $34.63 yesterday.