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Fly News Breaks for October 31, 2018
CTSH
Oct 31, 2018 | 08:38 EDT
KeyBanc analyst Arvind Ramnani lowered his price target for Cognizant to $79 from $89 as its Q3 results were lackluster, even with muted expectations. The analyst is hopeful the company provides a compelling medium/long-term financial outlook and strategy at its inaugural analyst day and clarity on its CEO transition. He reiterates an Overweight rating on the shares.