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Wajeeh Khan

Morgan Stanley Just Upped Its Price Target on Cognizant Stock. Here's Why.

Cognizant Morgan Stanley CTSH James Faucette

Cognizant (CTSH) stock is in the red on July 30 even after a senior Morgan Stanley analyst raised his price target on the Teaneck-headquartered IT services company.

Investors aren’t cheering CTSH primarily because James Faucette’s upwardly revised price target of $51 still signals potential for significant downside from its previous close.

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One subscription that gives you access to news from hundreds of sites

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