Deutsche Bank Starts Genpact Ltd. (G) at Hold; BPO Leader Weathering the Storm

Deutsche Bank initiates coverage on Genpact Ltd. (NYSE: G) with a Hold. PT $18.00.

Deutsche analyst says, "A leading business process and tech management firm, Genpact has weathered the recent economic storm quite well, supplemented by its Headstrong acquisition, and recently raised its top-line guidance to the high end of its 23-25% range. However, with 42% of revenues generated from the BFSI vertical and recent weakness in consumer finance and Japan (an estimated 10-15% of revenues combined), we see little opportunity for much upside heading into 2012."

For more ratings news on Genpact Ltd. click here and for the rating history of Genpact Ltd. click here.

Shares of Genpact Ltd. closed at $14.70 yesterday.

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