Market Overview

UPDATE: Credit Suisse Upgrades Cognizant Technology Solutions to Outperform; Gaining Share

Related CTSH
How TriZetto Can Help Cognizant Technology With Healthcare
Terex Falls After Lowered Earnings Forecast; Avanir Pharmaceuticals Shares Surge

Credit Suisse assumed coverage on Cognizant Technology Solutions (NASDAQ: CTSH) and raised its rating from Neutral to Outperform while increasing its price target from $75 to $85.

Credit Suisse noted, "We upgraded CTSH to Outperform from Neutral and raised our target price to $85 from $75, or ~17.5 times our 2014 EPS estimate of $4.79. Cognizant is the fastest-growing Tier-1 provider of global IT services, trading operating margin expansion (reinvesting in the business) for outsized top-line growth. We think that the company is well positioned to continue taking share from its competitors."

Cognizant Technology Solutions closed at $64.29 on Wednesday.

Latest Ratings for CTSH

Sep 2014CLSAInitiates Coverage onOutperform
Sep 2014Goldman SachsReinstatesNeutral
Sep 2014BernsteinInitiates Coverage onOutperform

View More Analyst Ratings for CTSH
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings


Related Articles (CTSH)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters