UBS raises Wipro to 'buy' on improving revenue outlook
Reuters: Mumbai, Jan 17 2013, 10:03 IST
UBS raised its ratings on Wipro Ltd to "buy" from "sell", saying revenue momentum will start picking up from the October-December quarter, while a cyclical recovery could help speed up a recovery in the software services exporting sector.
UBS also raised its 12-month price target to 510 rupees from 340 rupees.
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