Goldman Sachs Downgrades Wipro Ltd. (WIT) to Sell
WIT Hot Sheet
Rating Summary:3 Buy, 5 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Goldman Sachs downgraded Wipro Ltd. (NYSE: WIT) from Neutral to Sell.
The firm said that despite signs of recovery, the company will continue to lag its large-cap peers in revenue / EPS growth. Shares are also trading at a 8% premium to Infosys Limited (Nasdaq: INFY).
For an analyst ratings summary and ratings history on Wipro Ltd. click here. For more ratings news on Wipro Ltd. click here.
Shares of Wipro Ltd. closed at $11.28 yesterday, with a 52 week range of $8.63-$15.39.
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The firm said that despite signs of recovery, the company will continue to lag its large-cap peers in revenue / EPS growth. Shares are also trading at a 8% premium to Infosys Limited (Nasdaq: INFY).
For an analyst ratings summary and ratings history on Wipro Ltd. click here. For more ratings news on Wipro Ltd. click here.
Shares of Wipro Ltd. closed at $11.28 yesterday, with a 52 week range of $8.63-$15.39.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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