Morgan Stanley Cuts Price Target on Cognizant Technology Solutions (CTSH). Here

With an annual dividend yield of 3.37%, Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is included among the 12 Best NASDAQ Stocks to Buy for Dividends.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value.

On June 23, Morgan Stanley cut its price target on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) from $63 to $44, but reaffirmed its 'Equal Weight' rating on the shares. The lowered target still implies an upside of almost 4% from the current price level.

Morgan Stanley believes that demand trends are "stable-to-slightly worse", especially when it comes to securing larger managed services deals. According to the firm, the lack of any demand acceleration through mid-June raises concerns about the market's expectations for a strong second half of the year, creating potential downside risks to the current Wall Street forecasts.

On the other hand, Wedbush analyst Steven Wahrhaftig turned bullish on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earlier on June 8, upgrading the stock from 'Neutral' to 'Outperform' and lifting its price

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/morgan-stanley-cuts-price-target-040854905.html)