Citi Downgrades Genpact Ltd. (G) to Neutral

Citi analyst Peter Christiansen downgraded Genpact Ltd. (NYSE: G) from Buy to Neutral with a price target of $42.00 (from $46.00).

The analyst comments "We were already below Genpact’s FY23 outlook and concerned that consensus was not 4Q-weighted as suggested by the company on its 1Q23 call. Given the continued tough environment, we believe modest delays are a serious likelihood and combined with the back-ended year can result in a downward FY23 revenue outlook revision. Hence the downgrade."

For an analyst ratings summary and ratings history on Genpact Ltd. click here. For more ratings news on Genpact Ltd. click here.

Shares of Genpact Ltd. closed at $39.32 yesterday.

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