Goldman Sachs Downgrades Wipro Ltd. (WIT) to Sell

February 13, 2012 8:07 AM EST
Get Alerts WIT Hot Sheet
Price: $9.76 --0%

Rating Summary:
    7 Buy, 7 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 3 | New: 2
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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.

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