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Fly News Breaks for October 31, 2018
CTSH
Oct 31, 2018 | 05:10 EDT
Berenberg analyst Georgios Kertsos says the post-earnings weakness in shares of Cognizant Technology Solutions provides a good entry point into the name. The analyst continues to expect management to "comfortably meet" the targeted margin expansion without having an adverse impact on growth. The stock "remains too cheap," Kertsos tells investors in a post-earnings research note titled "Keep calm and buy." He keeps a Buy rating on Cognizant with a $90 price target.
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.
