In a report published Wednesday, JPMorgan analyst Punit Jain downgraded the rating on Syntel, Inc (NASDAQ: SYNT) from Neutral to Underweight, while reducing the price target from $50 to $48.
Potential consolidation in the healthcare segment may...
JP Morgan Downgrades Syntel To Underweight From Neutral
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Genpact’s principal shareholder Bain Capital has evaluated the acquisition of Nasdaq-listed IT services firm Syntel, triggering speculation about another billion dollar consolidation move in the IT services industry.
IT Employees Wing of trade union body New Democratic Labour Front (NDLF) has raised claims of layoffs at Syntel - a Nasdaq listed and US-headquartered Information Technology (IT) company, which has a large employee presence in India.
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