Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of IT outsourcing specialist Syntel
So what: In a brand-new research note, analyst firm Susquehanna started covering Syntel with a sell rating and a $34 target price. Mr. Market pays pretty close attention to these notes, even with very little supporting analysis publicly available.
Now what: The negative rating caused some collateral damage to Syntel's rivals, though none nearly as bad as the target's own: Infosys
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