Wall Street Zen has upgraded Conduent (NASDAQ:CNDT) from a “sell” to a “hold” rating, despite weak quarterly results and a “sell (d)” rating from Weiss Ratings. Insiders, including the CEO and a director, recently acquired a significant number of shares, indicating confidence in the company. Conduent, a global provider of business process services, missed analyst expectations for EPS and revenue in its last quarter.
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Conduent (NASDAQ:CNDT) Rating Increased to Hold at Wall Street Zen
Wall Street Zen has upgraded Conduent (NASDAQ:CNDT) from a “sell” to a “hold” rating, despite weak quarterly results and a “sell (d)” rating from Weiss Ratings. Insiders, including the CEO and a director, recently acquired a significant number of shares, indicating confidence in the company. Conduent, a global provider of business process services, missed analyst expectations for EPS and revenue in its last quarter.