Information Provided By:
Fly News Breaks for September 12, 2016
CTSH
Sep 12, 2016 | 08:03 EDT
After analyzing the company's cash flow, JPMorgan analyst Tien-tsin Huang says Cognizant's current valuation is attractive. The company could generate 200 basis points in incremental annual earnings growth from more aggressive use of cash, Huang tells investors in a research note. There is "underappreciated potential" for Cognizant to unlock value, but nothing is likely imminent, the analyst contends. Huang keeps an Overweight rating on the shares with a $69 price target.