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CTSH

Cognizant

$73.80

0.6 (0.82%)

10:49
10/07/17
10/07
10:49
10/07/17
10:49

Cognizant is returning cash to investors, Barron's says

Cognizant is building a lucrative digital-consulting business, Resham Kapadia writes in this week's edition of Barron's. Meanwhile, the company's shareholders could see a twofold payoff thanks to activist investor Elliott Management, which took a 4% stake last November, acquired three board seats, and pressed management to prioritize profit-margin expansion, the publication noted, adding that Cognizant will return $3.4B through 2018 via stock buybacks and dividends. Reference Link

  • 22

    Oct

CTSH Cognizant
$73.80

0.6 (0.82%)

09/12/17
BOFA
09/12/17
INITIATION
Target $86
BOFA
Buy
Cognizant reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Jason Kupferberg reinstated Cognizant with a Buy and a $86 price target. Management's new strategic direction on accelerating its shift to digital, sustainable margin improvement, and improved returns on cash is a new phase in Cognizant's life cycle, the analyst wrote. He believes investors have numerous ways to win following years of management's previous focus on growth first.
08/08/17
08/08/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tesla (TSLA) upgraded to Buy from Hold at Argus with analyst William Selesky saying he expects Tesla to reach breakeven two quarters earlier than he'd previously forecast and sees the company achieving full-year profitability in fiscal 2019. 2. L3 Technologies (LLL) upgraded to Buy from Hold at Drexel Hamilton analyst Pete Skibitski saying he is "cautiously" optimistic that there will be a positive resolution in fiscal 2018 budget negotiations, which will benefit the entire space, and notes L3's international outlook has improved as the year has progressed. 3. Foot Locker (FL) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Jay Sole saying he believes share weakness related to investor concerns surrounding share loss to Amazon (AMZN) and brands' own websites has created an "excellent" buying opportunity. 4. UPS (UPS) upgraded to Buy from Neutral at Citi with analyst Christian Wetherbee saying he sees a "clear path" toward double-digit earnings growth returning in 2018. 5. Cognizant (CTSH) upgraded to Buy from Hold at Berenberg with analyst Georgios Kertsos saying the market now considers U.S. immigration policy changes as unlikely, which leaves upside for investors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/17
BREN
08/08/17
UPGRADE
Target $85
BREN
Buy
Cognizant upgraded to Buy on less immigration risk at Berenberg
Berenberg analyst Georgios Kertsos upgraded Cognizant Technology Solutions to Buy from Hold and raised his price target for the shares to $85 from $65. The market now considers U.S. immigration policy changes as unlikely, which leaves upside for investors, Kertsos tells investors in a research note. The analyst also thinks upside from potential U.S. tax reforms are not priced into Cognizant shares.
08/08/17
BREN
08/08/17
UPGRADE
Target $85
BREN
Buy
Cognizant upgraded to Buy from Hold at Berenberg

TODAY'S FREE FLY STORIES

CLF

Cleveland-Cliffs

$7.62

-0.12 (-1.55%)

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10:10
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U.S. existing home sales…

MTCH

Match Group

$42.10

0.54 (1.30%)

, IAC

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MTCH

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IAC

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ANGI

Angi Homeservices

$14.60

0.58 (4.14%)

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  • 26

    Feb

MOS

Mosaic

$27.78

1.0176 (3.80%)

10:05
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02/21
10:05
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Mosaic call volume above normal and directionally bullish »

Bullish option flow…

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    Feb

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More from Harker: a trade war would not be good »

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ABBV

AbbVie

$120.00

2.02 (1.71%)

10:05
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02/21
10:05
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10:05
Recommendations
AbbVie analyst commentary  »

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  • 08

    Mar

10:04
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02/21
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10:04
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Existing Home Sales data reported »

January Existing Home…

RDWR

Radware

$21.09

-0.25 (-1.17%)

10:04
02/21/18
02/21
10:04
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10:04
Conference/Events
Radware management to meet with Oppenheimer »

Meeting to be held in…

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  • 22

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RDWR

Radware

$21.09

-0.25 (-1.17%)

10:01
02/21/18
02/21
10:01
02/21/18
10:01
Conference/Events
Radware management to meet with Oppenheimer »

Meeting to be held in…

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  • 22

    Feb

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    Mar

QTWO

Q2 Holdings

$42.85

-1.8 (-4.03%)

10:00
02/21/18
02/21
10:00
02/21/18
10:00
Conference/Events
Q2 Holdings management to meet with Needham »

Meeting to be held in…

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  • 22

    Feb

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    Mar

10:00
02/21/18
02/21
10:00
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10:00
General news
U.S. Markit manufacturing PMI rose 0.4 points to 55.9 in the flash February »

U.S. Markit manufacturing…

LFUS

Littelfuse

$208.66

0.61 (0.29%)

09:59
02/21/18
02/21
09:59
02/21/18
09:59
Conference/Events
Littelfuse management to meet with Oppenheimer »

Meeting to be held in San…

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  • 22

    Feb

NJDCY

Nidec

$37.80

-0.12 (-0.32%)

09:57
02/21/18
02/21
09:57
02/21/18
09:57
Conference/Events
Nidec management to meet with Oppenheimer »

Group luncheon to be held…

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  • 23

    Feb

HDP

Hortonworks

$18.22

0.03 (0.16%)

09:55
02/21/18
02/21
09:55
02/21/18
09:55
Conference/Events
Hortonworks management to meet with Northland »

Meeting to be held in…

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03/06/13
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  • 22

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    Apr

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    May

PVG

Pretium Resources

$6.56

-0.05 (-0.76%)

09:55
02/21/18
02/21
09:55
02/21/18
09:55
Options
Pretium Resources put volume heavy and directionally bearish »

Bearish flow noted in…

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Wedge Partners
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  • 09

    Mar

  • 11

    Mar

AAP

Advance Auto Parts

$115.88

10.53 (10.00%)

, EXR

Extra Space Storage

$84.86

4.105 (5.08%)

09:55
02/21/18
02/21
09:55
02/21/18
09:55
Options
Early notable gainers among liquid option names on February 21st »

Notable gainers among…

AAP

Advance Auto Parts

$115.88

10.53 (10.00%)

EXR

Extra Space Storage

$84.86

4.105 (5.08%)

MOS

Mosaic

$27.48

0.72 (2.69%)

CF

CF Industries

$42.80

0.975 (2.33%)

VRSK

Verisk Analytics

$97.04

-1.75 (-1.77%)

03/08/13
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  • 21

    Feb

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GVA

Granite Construction

$60.01

0.0066 (0.01%)

09:52
02/21/18
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Conference/Events
Granite Construction management to meet with MKM Partners »

Meetings to be held in…

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  • 22

    Feb

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CPS

Cooper-Standard

$120.74

-0.8988 (-0.74%)

09:51
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Conference/Events
Cooper-Standard management to meet with Roth Capital »

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  • 22

    Feb

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    Mar

LEXEB

Liberty Expedia Holdings

09:50
02/21/18
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09:50
Hot Stocks
Breaking Hot Stocks news story on Liberty Expedia Holdings  »

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ANET

Arista Networks

$249.53

-0.125 (-0.05%)

09:50
02/21/18
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09:50
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09:50
Conference/Events
Arista Networks management to meet with KeyBanc »

Meeting to be held in…

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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 22

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  • 06

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    Mar

LEXEB

Liberty Expedia Holdings

09:45
02/21/18
02/21
09:45
02/21/18
09:45
Hot Stocks
Breaking Hot Stocks news story on Liberty Expedia Holdings  »

Liberty Expedia Holdings…

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09:45
02/21/18
02/21
09:45
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09:45
General news
Existing Home Sales to be reported at 10:00 »

January Existing Home…

PM

Philip Morris

09:43
02/21/18
02/21
09:43
02/21/18
09:43
Earnings
Philip Morris sees Q1 EPS about 87c, including 3c of favorable currency 

Consensus is 90c.

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Wedge Partners
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03/06/13
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03/06/13
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DVAX

Dynavax

$17.25

0.025 (0.15%)

09:41
02/21/18
02/21
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09:41
Hot Stocks
Dynavax says CDC advisory committee recommends Heplisav-B »

Dynavax announced that…

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  • 21

    Feb

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  • 04

    Apr

GRMN

Garmin

$64.86

-0.35 (-0.54%)

, DUST

Direxion Daily Gold Miners Bear 3X ETF

09:40
02/21/18
02/21
09:40
02/21/18
09:40
Options
Unusually active option classes on open February 21st »

Unusual total active…

GRMN

Garmin

$64.86

-0.35 (-0.54%)

DUST

Direxion Daily Gold Miners Bear 3X ETF

STZ

Constellation Brands, also tag STZ.B

PEP

PepsiCo

$109.48

-1.58 (-1.42%)

XRT

S&P Retail Index SPDR

P

Pandora

GM

General Motors

MA

MasterCard

NXPI

NXP Semiconductors

$125.56

7.06 (5.96%)

MCD

McDonald's

03/08/13
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03/06/13
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  • 21

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