WNS Holdings downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank downgraded WNS Holdings to Hold from Buy with a price target of $44, down from $64. The the company introduced fiscal 2025 revenue growth guidance of 0%-5%, with the midpoint well below Deutsche’s Street-low outlook, the analyst tells investors in a research note. The firm says that given the “tepid outlook,” it expectations for continued softness in IT Services spending for at least the next year, and the multiple macro and idiosyncratic headwinds faced by WNS, it is moving to the sidelines.