Barclays Upgrades Cognizant Tech Solns to Equal-Weight, Announces $75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has upgraded Cognizant Technology Solutions (CTSH) from Underweight to Equal-Weight and set a price target of $75.
December 14, 2023 | 1:36 pm
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Cognizant Technology Solutions was upgraded by Barclays from Underweight to Equal-Weight with a price target of $75.
Upgrades by analysts, especially from a major financial institution like Barclays, can lead to increased investor confidence and a potential rise in the stock price in the short term. The new price target of $75 suggests a positive outlook for the stock, which may influence investor sentiment and trading behavior.
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IMPORTANCE 80
RELEVANCE 100