Boehner Raises Obstacle to Allowing Immigration Vote – NYTimes.com
Why is this important? Well, if you’re the Chairman of the Board of Cognizant Tech Solutions, CTSH, it’s very important to the future of your business. Recently CTSH has been clobbered along with other offshore centric IT providers. According to JP Morgan analyst Huang, the legislation could hurt CTSH earnings by 15-19% in a bad case scenario. Combined with other provisions in the bill, the worst case impact could be as much as -20-24%. JP Morgan has an overweight rating with a new price target of $75. Maybe this is what drove Chairman of the Board, John Klein, to add … Read more