Cognizant price target lowered to $91 from $93 at Susquehanna

Susquehanna analyst James Friedman lowered the firm’s price target on Cognizant to $91 from $93 and keeps a Positive rating on the shares. The analyst lowered his target due to estimate revisions and he noted while the company didn’t provide full-year guidance, and 1Q23 came in below, it seemed like 2023 had undiscussed potential, especially in 2H.