Citi raised the firm’s price target on Cognizant to $90 from $76 and keeps a Buy rating on the shares. The analyst remains cautious about enterprise IT spending for early 2024 but believes a modest spending recovery is likely as the year progresses. The target change is part of the firm’s IT services 2024 preview.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CTSH:
