Barclays Maintains Underweight on Cognizant Tech Solns, Raises Price Target to $61
Portfolio Pulse from jenniferd'souza@benzinga.com
Barclays analyst Ramsey El-Assal maintains an Underweight rating on Cognizant Tech Solns (NASDAQ:CTSH) and raises the price target from $53 to $61.
July 25, 2023 | 10:42 am
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Barclays maintains an Underweight rating on Cognizant Tech Solns but raises the price target from $53 to $61.
While the Underweight rating suggests that Barclays expects CTSH to underperform the market, the raised price target indicates a more positive outlook for the stock's future price. This could lead to mixed reactions in the market, potentially keeping the stock price stable in the short term.
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