Barclays Maintains Equal-Weight on Cognizant Tech Solns, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Equal-Weight rating on Cognizant Technology Solutions (CTSH) and reduced the price target from $80 to $75.

April 26, 2024 | 1:40 pm
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Barclays maintains an Equal-Weight rating on Cognizant Technology Solutions and lowers the price target from $80 to $75.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in CTSH's stock price. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the lowered price target indicates a revision of expected performance metrics or market conditions that could impact investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100