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Fly News Breaks for September 20, 2019
CTSH
Sep 20, 2019 | 06:06 EDT
Barclays analyst Ramsey El-Assal started Cognizant Technology Solutions with an Underweight rating and $64 price target. Relative to Payments Processors, the analyst has a "more neutral" view of the IT services industry. El-Assal says Cognizant has higher relative exposure to immigration reform and he highlights its recent management turnover. He believes Cognizant is likely to underperform relative to his broader coverage.
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.
