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Fly News Breaks for February 8, 2018
CTSH
Feb 8, 2018 | 08:08 EDT
SunTrust analyst Frank Atkins raised his price target on Cognizant to $90 after the company's "solid" Q4 results, saying the 8%-10% revenue growth looks "achievable" while the margin expansion forecast should support the stock multiple. Atkins notes that Cognizant's digital business - which accounts for 27% of revenue - remains strong, rising 30% in Q4. The analyst keeps his Buy rating on the stock based on its 2018 margin and revenue outlook.
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