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
Add Syntel to My Watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. Motley Fool newsletter services have recommended buying shares of Accenture. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.