Needham & Company Downgrades Exlservice (EXLS) to Hold

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Oppenheimer Lifts PT on Exlservice (EXLS) to $34

March 4, 2013 8:53 AM EST

Oppenheimer raised its price target on Outperform-rated Exlservice (NASDAQ: EXLS) from $32 to $34 following better than expected Dec-quarter results and an upbeat Investor Day in New York.

The firm notes management's tone was positive on: 1) multi-year revenue CAGR of 20-30% through organic/inorganic growth; 2) growth... More