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Fly News Breaks for July 12, 2016
CTSH
Jul 12, 2016 | 07:40 EDT
As noted earlier, SunTrust downgraded Cognizant to Neutral from Buy. The firm says that its IT Service poll shows "signs of weaker pricing," while the company is poised to be hurt by currency fluctuations, lower European revenue, and weakness in the healthcare sector stemming from insurance mergers. The company could also be hurt by "potential headline risk" stemming form U.S. politics and immigration issues, according to the firm. Target to $65 from $70.
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.
