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Fly News Breaks for February 8, 2018
CTSH
Feb 8, 2018 | 07:22 EDT
Loop Capital analyst Joseph Vafi raised his price target on Cognizant to $90 after Q4 earnings, citing the management's expectations of incremental demand strength returning from commercial banks. Vafi notes that the company's shift to "more leading edge digital service offerings" is paying off, and believes the FY18 revenue will grow above the 10% guidance range. The analyst keeps his Buy rating on Cognizant.
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