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Fly News Breaks for August 2, 2018
CTSH
Aug 2, 2018 | 10:36 EDT
Berenberg analyst Georgios Kertsos views the post-earnings selloff in shares of Cognizant as an overreaction. The analyst believes the "sharp margin recovery" in the quarter is the key takeaway. He continues to expect management to meet its fiscal 2019 EBIT margin guidance of 22%, and believes this is not currently priced into the stock. Kertsos keeps a Buy rating on Cognizant with a $90 price target.
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