News » Mixed sentiment for Conduent stock with analysts

Mixed sentiment for Conduent stock with analysts

Mixed sentiment for Conduent stock with analysts

Some analysts have recently changed their outlooks on New York-listed firm Conduent, a major global outsourcing services company. SunTrust Banks cut its price target on company to US$18 per share, and gave the stock a “buy” rating in a research note issued last November. Morgan Stanley, however, has set a US$16 price target on Conduent stock, but rated the company with a “hold” in its research note issued in the same month as SunTrust. ValuEngine downgraded Conduent from a “hold” rating to a “sell” in a research note, also in November. In the following month, Zacks Investment Research changed its “hold” rating to a “strong sell” rating; and TheStreet downgraded Conduent from a “c-” rating to a “d+” rating in a research note, also in December. According to a Fairfield Current report, one equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating. Conduent has an average rating of “Hold”, and an average target price of US$21.57. On Monday 18 January, Conduent stock opened at US$13.59.

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