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In a report released Tuesday, analysts at Jefferies upgraded iGATE
IGTE from Hold to Buy, with a target price increase from $38 to $43.
Analysts at Jefferies list three reasons for upgrading the iGATE: entry point given by current valuation, growth potential in Europe while US demographic remains strong, and refinancing increases with recent financial flexibility.
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Posted In: UpgradesAnalyst Ratings
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