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Fly News Breaks for February 26, 2020
CTSH
Feb 26, 2020 | 15:54 EDT
Morgan Stanley analyst James Faucette resumed coverage of Cognizant with an Underweight rating and $59 price target, stating that he sees challenges to the company's execution, particularly given the company's new focus on revenue growth. Cognizant's multi-faceted turnaround plan likely limits optionality around M&A and other strategic decisions, Faucette said.
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.
