iGATE rises on Sidoti upgrade, CEO speculation

|About: iGATE Corporation (IGTE)|By:, SA News Editor

Shares of iGATE (IGTE +7.8%) are rising after Sidoti upgrades shares to Buy from Neutral and hikes its PT to $28 from $22.

Also in the mix - speculation is brewing that Infosys's recently-resigned Americas head Ashok Vemuri may be gunning for the CEO job at iGATE. iGATE fired CEO Phaneesh Murthy back in May.