ExlService price target raised to $60 from $50 at Needham

Needham analyst Mayank Tandon raised the firm’s price target on ExlService (EXLS) to $60 from $50 and keeps a Buy rating on the shares. The company’s Q4 resulrs were strong and came in above expectations on both the top and bottom lines, driven by an acceleration in growth in both digital operations and analytics while maintaining healthy margins, the analyst tells investors in a research note.