ExlService price target raised to $46 from $38 at Citi

Citi raised the firm’s price target on ExlService to $46 from $38 and keeps a Buy rating on the shares. The firm expects an “uneventful quarter” from both business process outsourcing and digital customer experience group. The firm’s preference remains toward companies that can deliver double-digit growth levels over either the near or medium term, which includes ExlService, which remains its top overall pick.