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.
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Read More on WNS:
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- 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