Goldman Sachs Downgrades Wipro Ltd. (WIT) to Sell

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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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