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.
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Posted In: Analyst ColorAnalyst RatingsData Processing & Outsourced Servicesgenpact limitedHeadstrong Corp.Information TechnologyMorgan Stanley
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