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CTSH

Cognizant

$74.32

0.06 (0.08%)

07:15
04/16/19
04/16
07:15
04/16/19
07:15

Cognizant downgraded to Market Perform on lack of catalysts at Wells Fargo

As previously reported, Wells Fargo analyst Edward Caso downgraded Cognizant to Market Perform from Outperform as he sees no near-term positive catalysts, while operating headwinds persist, including digital, health and banking weakness along with reduced visa availability. The analyst remains surprised that the new CEO was chosen after long-term targets were offered. Caso also lowered his price target on the shares to $75 from $82.

  • 23

    Jun

CTSH Cognizant
$74.32

0.06 (0.08%)

02/07/19
KEYB
02/07/19
NO CHANGE
Target $84
KEYB
Overweight
Cognizant price target raised to $84 from $79 at KeyBanc
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.
02/07/19
02/07/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Saia (SAIA) upgraded to Buy from Hold at Deutsche Bank with analyst Amit Mehrotra saying after meeting with management, he is incrementally more confident in Saia's ability to generate double-digit revenue growth this year. 2. Guess (GES) upgraded to Buy from Hold at Jefferies with analyst Janine Stichter saying the recent pullback in the stock puts the company's multiple below its historical average and peers. 3. Spirit Airlines (SAVE) upgraded to Buy from Neutral at Goldman Sachs with analyst Catherine O'Brien saying she expects passenger revenue trends for the company in the first half of the year to be stronger than previously anticipated. 4. MacroGenics (MGNX) upgraded to Buy from Sell at Citi with analyst Yigal Nochomovitz saying additional Phase 1 readouts in 2019 should provide further stock momentum for MacroGenics. 5. Cognizant (CTSH) upgraded to Outperform from Market Perform at BMO Capital with analyst Keith Bachman citing the company's FY19 revenue growth outlook and a positive management transition. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/13/19
DAIW
02/13/19
INITIATION
Target $90
DAIW
Buy
Cognizant initiated with a Buy at Daiwa
Daiwa analyst Louis Miscioscia started Cognizant with a Buy rating and $90 price target.
04/16/19
WELS
04/16/19
DOWNGRADE
WELS
Market Perform
Cognizant downgraded to Market Perform from Outperform at Wells Fargo

TODAY'S FREE FLY STORIES

CLB

Core Laboratories

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AVP

Avon Products

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0.175 (5.92%)

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DLPH

Delphi Technologies

$22.60

-2 (-8.13%)

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  • 02

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ADTN

Adtran

$17.39

-0.38 (-2.14%)

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AVYA

Avaya

$20.22

0.895 (4.63%)

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  • 15

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TECK.B

Teck Corp.

$0.00

(0.00%)

13:34
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Conference/Events
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  • 30

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CWT

California Water Service

$49.43

-0.57 (-1.14%)

13:32
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13:32
Upgrade
California Water Service rating change  »

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  • 25

    Apr

BHC

Bausch Health

$23.18

0.16 (0.70%)

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AVYA

Avaya

$20.20

0.875 (4.53%)

13:28
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Mitel offers to combine with Avaya in stock deal, WSJ says »

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  • 15

    May

CLVS

Clovis

$19.43

-0.4 (-2.02%)

13:25
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Options
Clovis call volume above normal and directionally bullish »

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  • 07

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AGN

Allergan

$140.66

0.98 (0.70%)

, TEVA

Teva

$15.07

0.065 (0.43%)

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LLY

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ZM

Zoom Video

$64.49

1.175 (1.86%)

13:21
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Zoom, Slack announce new partnership »

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BHC

Bausch Health

$23.18

0.16 (0.70%)

13:21
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Bausch Health announces FDA approval of Duobrii for plaque psoriasis »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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NYSE market internals summary »

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BA

Boeing

$382.62

7.3 (1.95%)

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BA

Boeing

$382.62

7.3 (1.95%)

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FAA targeting May 23 for meeting over 737 MAX changes, Aviation Week says »

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13:12
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General news
7-Yr Note Auction Coupon Rate data reported »

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General news
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RSG

Republic Services

$79.29

-0.01 (-0.01%)

13:10
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Options
Upside call buys in Republic Services ahead of earnings »

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LUV

Southwest

$54.00

1.08 (2.04%)

13:06
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LUV

Southwest

$54.00

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BUD

AB InBev

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-1.82 (-2.06%)

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General news
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APD

Air Products

$199.33

-0.17 (-0.09%)

, PKX

Posco

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PKX

Posco

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