JP Morgan downgraded its rating of Cognizant Tech Solns CTSH to Underweight with a price target of $62.00, changing its price target from $61.00 to $62.00.
Shares of Cognizant Tech Solns are trading down 3.45% over the last 24 hours, at $56.22 per share.
A move to $62.00 would account for a 10.28% increase from the current share price.
About Cognizant Tech Solns
Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.
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