Information Provided By:
Fly News Breaks for February 22, 2018
CTSH
Feb 22, 2018 | 08:06 EDT
Argus analyst Jim Kelleher upgraded Cognizant to Buy with a $100 price target, saying the company is positioned to add to its sales growth, which it can also leverage to boost its earnings. Kelleher notes that Cognizant continues to shift toward digital services and solutions such as automation and analytics, accelerating investment in digital practices while also "nurturing" its core business as it expands margins and returns capital to shareholders. The analyst believes that the positive industry environment and signs of accelerating earnings momentum warrant a positive rating change.