Citigroup Maintains Buy on Cognizant Tech Solns, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar maintains a Buy rating on Cognizant Technology Solutions (CTSH) but lowers the price target from $90 to $82.

April 22, 2024 | 3:45 pm
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Citigroup maintains a Buy rating on Cognizant Technology Solutions but lowers the price target from $90 to $82.
The adjustment in price target by Citigroup reflects a recalibration of expectations for Cognizant's future performance, potentially due to market conditions or company-specific factors. While the Buy rating indicates continued confidence in the company's prospects, the lowered price target suggests a tempered outlook on its growth potential or stock price performance in the short term. Investors might see this as a nuanced view, acknowledging both strengths and areas of caution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100