Information Provided By:
Fly News Breaks for February 9, 2017
CTSH
Feb 9, 2017 | 08:05 EDT
Oppenheimer analyst Glenn Greene raised his price target for Cognizant to $64 from $60 on valuation following quarterly results. The analyst is encouraged by the company's strategic shift and implementation of a more aggressive capital return and margin plan. However, Greene suspects shares could remain range-bound until potential immigration/visa impacts become clearer. He reiterates an Outperform rating on the shares.