Morgan Stanley Maintains Rating On Genpact, Sees Strong Future

Morgan Stanley is maintaining its Equal-weight rating on Genpact Limited G but believe that its IT segment revenues, which have been declining previously, will get a boost as G acquires Headstrong Corp., which is expected to happen before May 31, 2011. Morgan Stanley sees this happening for two reasons, “1) G's ability to offer end-to-end services to its existing clients; and 2) cross-sell services to the combined client base.” G closed yesterday at $15.56.