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Globant -6.4% following after BWS starts at Sell

Feb. 08, 2016 2:07 PM ETGlobant S.A. (GLOB) StockGLOBBy: Eric Jhonsa, SA News Editor
  • BWS Financial has launched coverage on Globant (NYSE:GLOB) with a Sell rating and $16 target. Shares are off sharply on a brutal day for equities.
  • The software/IT services outsourcing firm remains up 144% from its $10 2014 IPO price. Shares go for 21x a 2016 EPS consensus of $1.15.
  • Q4 results arrive on the afternoon of Feb. 17.

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