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Fly News Breaks for November 28, 2016
CTSH
Nov 28, 2016 | 13:08 EDT
After Elliott Management disclosed a $1.4B position and released a letter to Cognizant Technology Solutions, SunTrust analyst Frank Atkins says he believes the company's major issue is not on the margin side but declining top line growth rates. A small dividend, as Elliott suggested, seems achievable and may fit with slightly lower top line trajectory going forward, Atkins tells investors in a research note. He continues to believe a Trump administration creates uncertainty and keeps a Hold rating on shares of Cognizant.
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