Analyst Alerts: Cognizant Technology Solutions, Weatherford International May 7th

Cognizant Technology Solutions Corp. (NASDAQ:CTSH): Cognizant shares defended at Susquehanna. Nomura views weakness in Cognizant as an overreaction and reiterates its Buy rating and $83 price target. After Cognizant reported earnings that beat expectations but reduced its 2012 guidance, BGB Securities lowered its price target on shares to $65 from $76 and reiterated its Hold rating on the stock. BGB said it would expect growth pressures on the company to continue given its size and the current economic situation. Citigroup believes Cognizant weakness is an overreaction and that 20% revenue growth is achievable. Shares are Buy rated with a $79 price target, down from $88.

Weatherford International Ltd. (NYSE:WFT): Morgan Stanley said Lufkin Industries (NASDAQ:LUFK) commentary regarding the artificial lift business has a positive read through for Weatherford (NYSE:WFT).

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