Stifel analyst Adrian Pehl downgraded Nagarro to Hold from Buy with a price target of EUR 107, down from EUR 159. The firm has "decided to take a ‘show me first’ stance" after the company’s conference call on Friday, given its view that not all governance-related issues could be addressed on the call. However, it adds that its "caution could lift once Nagarro implements additional measures to improve investor confidence."
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on NGRRF: