|
|
Get Four
|  | FEBRUARY 11, 2005
 WORD ON THE STREET Morgan Stanley Upgrades Cognizant Tech Solutions Analyst Julie Santoriello says the IT company shows robust volume growth which will continue to outweigh margin pressures Morgan Stanley upgrades Cognizant Tech Solutions (CTSH ) to overweight from underweight. Yesterday the company posted 21 cents, vs. 13 cents fourth-quarter earnings per share. Analyst Julie Santoriello upgrades the stock on expectations of continued strong growth and upside earnings potential. She says her new conviction comes primarily from her research indicating that volume growth will remain robust, coupled with her new appreciation that this growth will continue to outweigh margin pressures. Santoriello sees 98 cents 2005 earnings per share and $1.30 2006 earnings per share. She has a $52 target price.  All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc. Get BusinessWeek directly on your desktop with our RSS feeds.  Add BusinessWeek news to your Web site with our headline feed. Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video. To subscribe online to BusinessWeek magazine, please click here. Learn more, go to the BusinessWeekOnline home page  | | |
 Copyright 2005, Bloomberg L.P.Terms of Use | Privacy Notice |
Printer-Friendly Version
