- BMO Capital Markets upgrades Cognizant (NASDAQ:CTSH) from Market Perform to Outperform and raises the target by $8 to $88 after earnings.
- The firm cites "higher assumed target multiples" and the appointment of Brian Humphries as CEO.
- But BMO acknowledges that new management could mean lower guidance and the "journey to creating meaningful shareholder value could be lumpy."
- CTSH is down 3.6% to $71.82.
BMO upgrades Cognizant on new CEO
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Symbol | Last Price | % Chg |
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CTSH | - | - |
Cognizant Technology Solutions Corporation |