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Fly News Breaks for March 27, 2018
CTSH
Mar 27, 2018 | 06:44 EDT
Loop Capital analyst Joseph Vafi raised his price target on Cognizant to $92 from $90, saying his private channel checks suggest improving demand for IT services firms, particularly those with high exposure to financial services. Vafi also keeps his Buy rating on Cognizant, forecasting some "incremental multiple expansion" in 2018 amid accelerating revenue growth.
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