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Fly News Breaks for September 12, 2017
CTSH
Sep 12, 2017 | 05:50 EDT
BofA/Merrill analyst Jason Kupferberg reinstated Cognizant with a Buy and a $86 price target. Management's new strategic direction on accelerating its shift to digital, sustainable margin improvement, and improved returns on cash is a new phase in Cognizant's life cycle, the analyst wrote. He believes investors have numerous ways to win following years of management's previous focus on growth first.
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.
