Wipro (WIT) Misses Q2 EPS by 1c; Guides Q3 Revenue Below Consensus
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Nomura Securities Downgrades Wipro Ltd. (WIT) to Reduce
October 24, 2016 7:19 AM EDTNomura Securities downgraded Wipro Ltd. (NYSE: WIT) from Neutral to Reduce.
Analyst Ashwin Meht commented, "WPRO has been our least-preferred pick in tier 1 IT, given: 1) its weaker positioning in key markets (US/Europe); 2) well-entrenched competition in faster growing services for the industry (IMS/Engineering services); 3)... More
