Morgan Stanley Cuts Cognizant Price Target to $44

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โดย Insider Monkey·Read original
Summary · why it matters

Morgan Stanley cut its price target on Cognizant Technology Solutions from $63 to $44 while keeping an Equal Weight rating. The firm cited stable-to-slightly worse demand trends, particularly for larger managed services deals, and warned that the lack of demand acceleration through mid-June raises concerns about second-half expectations. Earlier in June, Wedbush upgraded the stock to Outperform and raised its price target by $14. Pzena Investment Management added to its position in the first quarter, viewing AI disruption fears as overblown.

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Pzena Investment Management, Inc.Private± Mixed
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Wedbush Inc.Private± Mixed
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