UPDATE: J.P. Morgan Downgrades ExlService Holdings as Loss of Travelers Creates Too Many Headwinds


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


In a report published Tuesday, J.P. Morgan analyst Tien-tsin Huang downgraded the rating on ExlService Holdings (NASDAQ: EXLS) from Neutral to Underweight, and lowered the price target from $33.00 to $26.00.In the report, J.P. Morgan noted, “We are downgrading EXLS shares to Underweight (from Neutral) after learning EXLS received a termination notice from Travelers (10% customer). According to the 8-K, the termination was triggered by a breach of client confidentiality policies, which we fear could create a PR issue for EXLS and freeze its deal pipeline in the near term. We've been concerned about building headwinds in 2014, and this is a significant headwind, so we are cutting our estimates and price target significantly and recommend investors avoid the stock until more clarity is gained on the potential fallout of such a loss.”ExlService Holdings closed on Monday at $29.07.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Posted In: Analyst ColorDowngradesAnalyst RatingsJ.P. MorganTien-tsin Huang