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All bets may not be off regarding iGate (NASDAQ:IGTE) after the company dismissed CEO Phaneesh...

May 22, 2013 9:18 AM ETiGATE Corporation (IGTE) StockIGTEBy: Colin Lokey, SA News Editor
All bets may not be off regarding iGate (NASDAQ:IGTE) after the company dismissed CEO Phaneesh Murthy this week, but Oppenheimer's are, at least in terms of predicting a price. Analyst Glenn Greene removes his $22 target and downgrades the shares to Perform from Outperform, saying "Mr. Murthy was instrumental in IGTE's growth strategy and we suspect key customer relationships. He will not easily be replaced."

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