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Fly News Breaks for May 5, 2015
CTSH
May 5, 2015 | 07:55 EDT
Cowen raised its price target on Cognizant to $70 from $65 following Q1 results and guidance that the firm called "strong." The firm believes the company benefits from unique Health Care and digital exposure and reiterated its Outperform rating on Cognizant shares.
News For CTSH From the Last 2 Days
CTSH
Apr 22, 2024 | 08:33 EDT
CTSH
Apr 22, 2024 | 05:21 EDT
Citi analyst Ryan Potter lowered the firm's price target on Cognizant to $82 from $90 and keeps a Buy rating on the shares. The analyst continues to have a cautious view toward the enterprise IT spending environment into the Q1 reports with the demand environment relatively unchanged from late 2023. This includes continued pressures on discretionary spend and delayed decision-making as macro, geopolitical, and some industry-specific concerns remain, the analyst tells investors in a research note.
