UPDATE: Cantor Fitzgerald Upgrades Luxoft Holding (LXFT) to Overweight Citing Improving Risk/Reward Profile

January 17, 2018 5:45 AM EST
Get Alerts LXFT Hot Sheet
Price: $58.99 --0%

Rating Summary:
    2 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 10 | New: 15
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
(Updated - January 17, 2018 6:38 AM EST)

(updated to add analyst comment)

Cantor Fitzgerald upgraded Luxoft Holding (NYSE: LXFT) from Neutral to Overweight with a price target of $65.00 (from $52.00).

Analyst Joseph Foresi comments "We believe the risk/reward profile for the name is improving. Client concentration has come down to more manageable levels due to non-execution-related spending cuts at two large clients. Luxoft has absorbed these cuts as utilization has rebounded, which should drive margin improvement. We expect client concentration to continue to decline over the long term."

For an analyst ratings summary and ratings history on Luxoft Holding click here. For more ratings news on Luxoft Holding click here.

Shares of Luxoft Holding closed at $55.35 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change, Upgrades

Related Entities

Cantor Fitzgerald