WNS Holdings price target lowered to $76 from $86 at Baird

Baird analyst David Koning lowered the firm’s price target on WNS Holdings to $76 from $86 and keeps an Outperform rating on the shares. The firm said Q2 results were good as EPS beat and was revenue in line. They noted 2024 guidance was lowered on reduced volume commitments, lower project revenues, delays in ramp of their large insurance captive and partly due to FX. Baird believes the pullback in the shares is overdone and its valuation is compelling.