Barclays lowered the firm’s price target on Cognizant to $75 from $80 and keeps an Equal Weight rating on the shares. Peer results point to continued softness in discretionary spend, the analyst tells investors in a research note. While solid bookings support longer-term growth, pressure in small deals adds downside-risk to Q1 results, says the firm.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTSH:
- 3 Best Blue-Chip Stocks to Buy in April 2024, According to Analysts
- Cognizant, Microsoft announce global partnership
- Cognizant price target lowered to $82 from $90 at Citi
- Cognizant signs infrastructure agreement with McCormick & Company
- Crocs initiated, Bill downgraded: Wall Street’s top analyst calls
