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Fly News Breaks for November 30, 2016
CTSH
Nov 30, 2016 | 07:43 EDT
Jefferies analyst Jason Kupferberg said he believes Elliott Management's contention that Cognizant can drive its shares into the $80-$90 range is "potentially too optimistic," but he also thinks the activist's involvement creates a floor for shares "at a minimum" and he "whole-heartedly" agrees with the firm's capital deployment suggestions. Kupferberg keeps a Buy rating and $63 price target on Cognizant.
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.
