As noted earlier, Wells Fargo upgraded Cognizant to Outperform from Market Perform. The firm upgraded the stock after Cognizant reported better than expected Q3 results. :theflyonthewall.com
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Cognizant Technology Solutions announced the expansion of its executive management team to support the ongoing growth of the business. The following promotions have been approved by Cognizant's Board of Directors and are effective immediately: Gordon Coburn has been promoted to President. Rajeev Mehta has been promoted to Group Chief Executive – Industries and Markets. Chandra Sekaran has been promoted to Group Chief Executive – Technology and Operations. Karen McLoughlin has been promoted to CFO. Malcolm Frank has been promoted to EVP, Strategy and Marketing. :theflyonthewall.com
Cognizant risk/reward unfavorable into Q4 results, says JP Morgan
JP Morgan expects Cognizant to report solid Q4 results, but views the risk/reward on shares as unfavorable into the numbers as it does not see upside to the company's 2012 guidance. However, the firm keeps an Overweight rating on the stock. :theflyonthewall.com
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