WNS Limited (WNS) PT Lowered to $64 at TD Cowen

TD Cowen analyst Bryan Bergin lowered the price target on WNS Limited (NYSE: WNS) to $64.00 (from $70.00) while maintaining a Buy rating.

The analyst commented: "Initial FY25 organic growth outlook of 0-5% CC fell short, w/ weaker volume-based & discretionary work weighing incrementally by ~3 pts. Lighter view adds to series of disappointments over L12M that has driven a sharp selloff in shares. Valuation is significantly discounted (CY25 PE 8.5x) & WNS appears to have added prudence in view, but it needs to deliver on results to convert skeptics. PT $64."

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