Citi ups WNS Holdings target, opens ‘negative catalyst watch’

Citi raised the firm’s price target on WNS Holdings to $65 from $52 and keeps a Buy rating on the shares. The analyst also opened a “30-day negative catalyst watch” on the shares into earnings. WNS may eventually lower its fiscal 2025 outlook mid-point as it appears to be reliant on needed large deal pipeline conversion to hit an implied fiscal second half of the year ramp, the analyst tells investors in a research note.