Oppenheimer Maintains Outperform Rating and PT on CTSH

In a recent report, Oppenheimer has maintained their outperform rating and $82 price target after a solid quarter for Cognizant Technology Solutions CTSH. In the report, Oppenheimer said, "For the first time since 2Q08, Cognizant reported an in-line revenue quarter. Nonetheless, we view CTSH's FY11 revised revenue/EPS guidance as reasonable, if not conservative, as the prospects for the offshore IT industry in 2011 remain strong and we continue to expect CTSH to benefit from share gains." CTSH closed yesterday at $77.52.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsCognizant Technology SolutionsInformation TechnologyIT Consulting & Other ServicesOppenheimer
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!