In This Article:
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.
Invest with Confidence:
-
Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
-
Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WIT: