UPDATE: Nomura Raises PT on iGATE on Reasons for Caution
October 11, 2013 at 08:57 AM EDT
In a report published Friday, Nomura analyst Ashwin Mehta reiterated a Neutral rating on iGATE Corporation (NASDAQ: IGTE ), and raised the price target from $28.00 to $29.00. In the report, Nomura noted, “Despite iGATE's 3Q revenue and margin outperformance, we would be cautious on extrapolating the result as the
