BMO Capital Maintains Market Perform on Cognizant Tech Solns, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman has maintained a 'Market Perform' rating on Cognizant Technology Solutions (CTSH) but has lowered the price target from $88 to $85.
February 07, 2024 | 2:53 pm
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BMO Capital maintains a 'Market Perform' rating on Cognizant Technology Solutions but lowers the price target from $88 to $85.
The reduction in price target by BMO Capital, despite maintaining the same rating, could lead to a negative perception among investors, potentially causing a short-term decrease in CTSH's stock price. The adjustment reflects a less optimistic outlook on the company's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100