Analysts At Pacific Crest Begin Coverage On Accenture, Cognizant And Other IT Stocks

Pacific Crest has initiated coverage of various IT stocks including

Accenture Plc ACN

and

Cognizant Technology Solutions Corp CTSH

, both at Overweight.

The brokerage has also started coverage of:

EPAM Systems Inc EPAM at Overweight

Luxoft Holding Inc LXFT at Sector Weight

Globant SA GLOB at Sector Weight

Shares of Accenture closed Monday's trading at $115.46, while Wall Street analysts have a mean price target of $123.33. The stock was recently seen trading up 1.34 percent on the day at $117.01.
Cognizant ended Monday's trade at $58.44, while analysts' mean target came in at $$69.33. The stock was up 0.17 percent on the day at $58.54.
EPAM Systems closed Monday's regular trading at $65.92 versus analysts' mean price target of $81.23. It was up 1.37 percent at $66.82.
Luxoft Holding ended Monday's trading at $50.97, while analysts have a mean target price of $68.66. The stock was up 1.94 percent at $51.96.
Globant closed Monday's regular session at $40.12. Analysts' mean target stood at $36.86. It was up 0.45 percent at $40.30.

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