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Fly News Breaks for February 7, 2019
CTSH
Feb 7, 2019 | 07:29 EDT
KeyBanc analyst Arvind Ramnani raised his price target for Cognizant to $84 from $79 after the company posted Q4 results above consensus estimates on the top and bottom line. In addition to good results overall, the analyst believes the announcement of Brian Humphries as CEO was the bright spot, as it provides investors with clarity on the CEO transition. Ramnani reiterates an Overweight rating on the shares.
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.
