Jefferies Starts Wipro Ltd. (WIT) at Buy
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Price: $1.96 +0.51%
Rating Summary:
3 Buy, 11 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
3 Buy, 11 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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Jefferies initiates coverage on Wipro Ltd. (NYSE: WIT) with a Buy rating and Rs430 price target.
The firm's revenue growth estimate of ~15% CAGR (USD terms) over FY11-13E in IT business. They also sees margin decline limited as the company improves on its execution engine.
If the company consummates a big acquisition or increases dividends it would be take as a positive, the firm states.
For an analyst ratings summary and ratings history on Wipro Ltd. click here. For more ratings news on Wipro Ltd. click here.
Shares of Wipro Ltd. closed at $9.66 yesterday.
The firm's revenue growth estimate of ~15% CAGR (USD terms) over FY11-13E in IT business. They also sees margin decline limited as the company improves on its execution engine.
If the company consummates a big acquisition or increases dividends it would be take as a positive, the firm states.
For an analyst ratings summary and ratings history on Wipro Ltd. click here. For more ratings news on Wipro Ltd. click here.
Shares of Wipro Ltd. closed at $9.66 yesterday.
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