Patni upgraded! Shows signs of life
S&P upgraded Patni (NYSE: PTI) to a ‘Hold’ from ‘Sell’ after it released its Q2 earnings today. S&P analyst Dylan Cathers, “We are raising our 2006 earnings per ADS estimate by 12 cents to 98 cents, and our 12-month target price by $6 to $17″.
Finally some signs of life for Patni Computer Systems.