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Fly News Breaks for October 19, 2018
CTSH
Oct 19, 2018 | 07:13 EDT
Deutsche Bank analyst Bryan Keane sees a favorable risk/reward on Cognizant Technology Solutions ahead of the company's Q3 results on October 30. The IT spending environment appears healthy and Digital "continues to be a lever for growth with low-20% sustainable in the near-future," Keane tells investors in a research note. He finds the stock attractively valued and keeps a Buy rating on the name.
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.
