Needham Maintains Buy on Genpact, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Mayank Tandon maintains a Buy rating on Genpact (NYSE:G) but lowers the price target from $56 to $50.
August 11, 2023 | 11:44 am
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NEUTRAL IMPACT
Genpact's price target has been lowered from $56 to $50 by Needham, though the Buy rating is maintained.
The news is directly about Genpact. While the lowering of the price target might be seen as a negative, the maintenance of the Buy rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100