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Fly News Breaks for September 30, 2016
CTSH
Sep 30, 2016 | 10:25 EDT
As reported earlier, Citi analyst Ashwin Shirvaikar downgraded Cognizant to Neutral from Buy after the company's disclosure that it is conducting an internal investigation related to possible FCPA violations, saying that the overhang created will likely make the stock "uninvestable" to many investors. Shirvaikar lowered his price target on Cognizant shares to $55 from $68.