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Fly News Breaks for August 28, 2019
CNDT
Aug 28, 2019 | 06:08 EDT
Citi analyst Ashwin Shirvaikar took over coverage of Conduent and kept a Neutral rating on the shares while lowering his price target to $7.50 from $9. While the CEO change, strategic and operating review, and higher activist ownership "may be tempting," Conduent has posted "poor" operating performance and the stock has been volatile, Shirvaikar tells investors in a research note.
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