Disney, CVS, Silicon Graphics, Cognizant Tech Among Hot Stock Movers Feb. 8th

The Walt Disney Company (NYSE:DIS): Credit Suisse said Disney’s networks have industry leading affiliate pricing power and the Park’s recovery is on track. The firm maintains its Outperform rating. Shares of The Walt Disney Company are trading 1.51% higher today.

CVS Caremark Corporation (NYSE:CVS): The company raised its earnings guidance for Q1 and FY12 to reflect the anticipated benefit to first quarter results of approximately $0.03 per share from the impasse between Walgreens (NYSE:WAG) and Express Scripts (NASDAQ:ESRX). The guidance adjustment only reflects the potential estimated benefit if the stalemate continues through the end of the first quarter, and does not contemplate any potential benefit beyond Q1. Shares of CVS Caremark Corporation are trading 1% higher today.

Silicon Graphics International Corp (NASDAQ:SGI): FBN Securities downgraded Silicon Graphics following the company’s Q2 results and lowered its price target for shares to $12 from $18. Shares of Silicon Graphics International Corp are trading 22.76% lower today.

Cognizant Technology Solutions Corp (NASDAQ:CTSH): 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. Shares of Cognizant Technology Solutions Corp are trading 0.08% higher today.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com