Morgan Stanley Maintains Equal-Weight Rating for Cognizant Tech Solns: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for Cognizant Tech Solns (NASDAQ:CTSH) but lowered its price target from $68.00 to $65.00. Cognizant's shares are currently trading down 3.72% at $62.55 per share. A move to $65.00 would represent a 3.93% increase from the current share price.
November 02, 2023 | 5:00 pm
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Morgan Stanley has maintained its Equal-Weight rating for Cognizant but lowered its price target. This could potentially impact the stock's performance in the short term.
The lowering of the price target by Morgan Stanley, a major financial institution, could potentially lead to a decrease in investor confidence in Cognizant, thereby negatively impacting its stock price in the short term.
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IMPORTANCE 80
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