Needham analyst Mayank Tandon downgraded WNS Holdings (WNS) to Hold from Buy without a price target after the company entered into an agreement pursuant to which Capgemini will acquire WNS for a cash consideration of $76.50 per share. The firm believes the deal is an overall positive for shareholders given the recent stock performance and WNS’s “modest” organic growth outlook.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WNS:
- WNS Holdings rises 14.2%
- Balanced Hold Rating on Capgemini’s Acquisition of WNS: Strategic Benefits vs. Uncertainties
- Morning Movers: WNS Holdings jumps following deal to be bought by Capgemini
- WNS Acquired by Capgemini in $3.3 Billion Deal
- WNS Holdings to be acquired by Capgemini for $76.50 per share