Susquehanna Downgrades Cognizant Tech Solns to Neutral, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst James Friedman downgraded Cognizant Technology Solutions (CTSH) from Positive to Neutral and reduced the price target from $87 to $80.

April 01, 2024 | 11:54 am
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Cognizant Technology Solutions was downgraded by Susquehanna from Positive to Neutral, with a price target reduction from $87 to $80.
The downgrade from Positive to Neutral by a significant analyst like Susquehanna, coupled with a reduction in price target, is likely to negatively impact investor sentiment towards CTSH in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100