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UPDATE: Jefferies Raises Price Target On Cognizant Technology Solutions On The Weekly 'Edge'

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Benzinga's Top Upgrades, Downgrades For January 10, 2017
IT Services A 'Dead Sector'

In a report published Monday, Jefferies analyst Jason Kupferberg reiterated a Buy rating on Cognizant Technology Solutions Corp. (NASDAQ: CTSH), and raised the price target from $51.00 to $63.00.

In the report, Jefferies noted, “The ‘Edge' provides investors in the Computer Services & IT Consulting space with unique insights into key upcoming events and potential catalysts for the sector, while also analyzing important developments from the most recent week.”

Cognizant Technology Solutions closed on Friday at $53.88.

Latest Ratings for CTSH

DateFirmActionFromTo
Jan 2017Loop CapitalInitiates Coverage OnHold
Nov 2016William BlairDowngradesOutperformMarket Perform
Nov 2016Bank of AmericaDowngradesBuyUnderperform

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Posted-In: Jason Kupferberg JefferiesAnalyst Color Price Target Analyst Ratings

 

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