Goldman Sachs is out with its report today on ExlService Holdings EXLS, raising its PT from $23 to $26.
In its report, Goldman Sachs writes, "Our 12-month price target of $26 is based on a weighted average model
incorporating a sector-relative framework, CY11 P/E, CY11 EV/EBITDA, and M&A value; it implies a CY11 P/E of 19X our cash EPS of $1.36."
Goldman Sachs maintains Neutral on EXLS.
Shares of EXLS closed Tuesday at $24.31.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsData Processing & Outsourced ServicesGoldman SachsInformation Technology
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