J.P. Morgan upgraded Virtusa Corp., an information-services technology company, to “overweight,” citing growth in its underlying businesses, Dow Jones reported. The firm also noted incrementally favorable hedge rates in the second half of fiscal 2013 and fiscal 2014, which should drive above-average earnings growth. “We expect continued above-industry-average revenue growth and margin expansion at the company,” the investment bank said. Its six-month target price is $20 per share.
