Virtusa (VRTU) Tops Q1 EPS by 2c; Issues Light Q2, FY17 Outlook

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Go back to Virtusa (VRTU) Tops Q1 EPS by 2c; Issues Light Q2, FY17 Outlook

Virtusa (VRTU) PT Lowered to $32 at Needham & Company; 'Buy' Maintained

August 9, 2016 1:53 PM EDT

Needham & Company analyst Mayank Tandon cut his price target on Virtusa (NASDAQ: VRTU) to $32.00 (from $45.00) but maintained a Buy rating on valuation.

Tandon commented, "Although VRTU delivered 1Q results ahead of expectations, management pointed to incremental pressure on demand resulting from increased economic... More