Morgan Stanley Lowers Price Target for Cognizant Technology Solutions
On June 23, Morgan Stanley reduced its price target on Cognizant Technology Solutions (CTSH) from $63 to $44 while maintaining an 'Equal Weight' rating. The firm cited stable-to-slightly worse demand trends and concerns over the lack of acceleration in managed services deals as reasons for the downgrade.
Topics: AI Disruption Cognizant Technology Solutions Morgan Stanley Stock Rating Changes