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Fly News Breaks for February 9, 2017
CTSH
Feb 9, 2017 | 04:57 EDT
Citi analyst Ashwin Shirvaikar removed Cognizant from his firm's Catalyst Watch list following the company's agreement with Elliott. The analyst still sees macro and industry uncertainty and keeps a Neutral rating on the shares. He upped his price target for the name to $62 from $61.
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.
