Needham Downgrades Cognizant (CTSH) to Buy

Needham & Company's Mayank Tandon downgraded shares of Cognizant Technology Solutions (NASDAQ: CTSH) from Strong Buy to Buy in a mid-day research note Monday following earlier Q1 results from the company. Tandon's price target was lowered from $100 to $80.

Cognizant shares have plunged nearly 20 percent Monday. The stock last traded at $55.95.

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

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