Jefferies Maintains a 'Buy' on Cognizant Technology (CTSH); Watch For An Important 8-K

Jefferies maintains a 'Buy' on Cognizant Technology Solutions (NASDAQ: CTSH) price target of $87.00.

Jefferies analyst says, "Consistent with historical practices, over the next 1-2 weeks, we believe CTSH is likely to file an 8-K disclosing targets for senior management stock-based compensation, which are typically tied to revenue growth thresholds for the following year. Therefore, we believe the upcoming 8-K will serve as a leading indicator for CTSH's 2012 revenue guidance, which will be issued on the 4Q11 earnings call in Feb."

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 $64.71 yesterday.

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