Bernstein analyst Rahul Malhotra raised the firm’s price target on Wipro (WIT) to $2.77 from $2.74 and keeps an Underperform rating on the shares. The firm notes Wipro Q4 guide was underwhelming with revenue growth lagging peers and limited visibility of catch-up. Growth was led by Healthcare while Consumer & BFSI declined, Bernstein says. The firm remains Underperform as relative performance against larger peers continues to be weak.
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