WNS Holdings price target lowered to $65 from $88 at Barrington

Barrington analyst Vincent Colicchio lowered the firm’s price target on WNS Holdings to $65 from $88 and keeps an Outperform rating on the shares post the fiscal Q2 report. The company reduced its fiscal 2024 revenue guidance range due to several incremental headwinds, of which some were macro and others client specific, the analyst tells investors in a research note. However, the firm believes WNS’s sales pipeline remains strong and says the company should experience revenue acceleration from its large captive insurance client in fiscal 2025.