4 Reasons Jefferies Is Confident In Buy Rating On Cognizant
After the Jefferies NASDAQ Investor Conference, Jefferies published research highlighting their four takeaways from the Cognizant Technology Solutions Corp (NASDAQ: CTSH) CFO at the conference.
- Digital growth remains a strong growth driver
- Platform offerings or automation may lead to revenue or headcount linearity
- Top-line growth may re-accelerate in 2017
- Increased M&A activity for Cognizant.
Jefferies analysts believes that given the revenue and margin profile of the company, combined with these conference takeaways, reinforce their Buy rating and $70 price target.
Latest Ratings for CTSH
|Jan 2017||Morgan Stanley||Downgrades||Overweight||Equal-Weight|
|Jan 2017||Loop Capital||Initiates Coverage On||Hold|
|Nov 2016||William Blair||Downgrades||Outperform||Market Perform|
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