VanceInfo Technologies, Inc.’s (VIT) Price Target Raised

Analyst Joseph Vafi at Jefferies & Company, Inc. has raised the price target for VanceInfo Technologies, Inc. (NYSE: VIT) from $21 to $24.

Jefferies believes that with the return of sequential growth to US based revenue, ongoing growth in China, and the potential for margin expansion, the company should see P&L acceleration through 2010.

The company has reported strong results for the fourth-quarter, which saw strong top-line, and bottom-line performance.

Jefferies continues to rate VanceInfo Technologies, Inc. as a Buy.