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Fly News Breaks for August 8, 2016
CTSH
Aug 8, 2016 | 07:14 EDT
After Cognizant lowered its 2016 revenue guidance, Cantor analyst Joseph Foresi says that short-term issues in the company's financial and healthcare verticals led to the guidance reduction. He thinks that the company's growth will surpass that of the industry over the longer term and keeps a Buy rating on the 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.
