Morgan Stanley Maintains Equal-Weight Rating for Cognizant Tech Solns: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Cognizant Tech Solns CTSH and lower its price target from $65.00 to $60.00.

Shares of Cognizant Tech Solns are trading down 14.25% over the last 24 hours, at $51.68 per share.

A move to $60.00 would account for a 16.11% 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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This article was generated by Benzinga's automated content engine and reviewed by an editor.