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Fly News Breaks for February 8, 2018
CTSH
Feb 8, 2018 | 08:03 EDT
BMO Capital analyst Keith Bachman raised his price target on Cognizant to $86 following Q4 earnings, saying the free cash flow was "very good" and may be overlooked. Bachman also believes the FY18 margin guidance may prove to be conservative, keeping an Outperform rating on the stock.
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.
