Pacific Crest Starts Cognizant Technology Solutions (CTSH) at Overweight

Pacific Crest initiates coverage on Cognizant Technology Solutions (NASDAQ: CTSH) with a Overweight rating and a price target of $69.

Analyst Arvind Ramnani said, "We believe Cognizant has evolved over the past few years: it has moved up the value chain and, in certain areas, competes on higher-end consulting and advisory services; our checks indicate that the company maintains a more trusted status with clients. As a result, we believe it is well positioned to take advantage of increased spending on digital."

For an analyst ratings summary and ratings history on Cognizant Technology Solutions click here. For more ratings news on Cognizant Technology Solutions click here.

Shares of Cognizant Technology Solutions closed at $58.44 yesterday.

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