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Fly News Breaks for April 13, 2017
CTSH
Apr 13, 2017 | 06:22 EDT
SunTrust analyst Frank Atkins upgraded Cognizant to Buy and raised its price target to $70 from $63 following a Q1 survey of CIO and Tech Managers that indicates stable pricing dynamics, financial services demand, and more clarity in the healthcare sector. Atkins said immigration reform/Border-Adjusted-Tax remains a risk, but said the issues are well known and reflected in valuation.
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.
