Exlservice (EXLS) PT Raised to $130 at Cowen

Cowen analyst Bryan Bergin raised the price target on Exlservice (NASDAQ: EXLS) to $130.00 (from $114.00) while maintaining a Market Perform rating.

The analyst commented, "EXL's improvement in cost execution and the demand recovery have progressed in tandem, yielding outsized 2021 performance as EXLS beat across the board in a solid 3Q. Momentum is on EXLS' side has been for the stock too YTD. Continued outperformance in Ops Management growth or lasting margin benefits above 17-17.5% level would enable even stronger stock upside. Raise PT to $130."

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