WNS Holdings price target raised to $70 from $60 at Needham

Needham raised the firm’s price target on WNS Holdings to $70 from $60 and keeps a Buy rating on the shares. The company’s Q1 results came in better than expected as strong execution and healthy demand for digitization and cost reduction initiatives continue despite an uncertain macro environment, the analyst tells investors in a research note. The firm adds that it remains positive on the shares given the company’s strong execution, cadence of new business wins, and attractive valuation.