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Fly News Breaks for November 14, 2018
CTSH
Nov 14, 2018 | 09:00 EDT
Cowen analyst Bryan Bergin previewed Cognizant's investor day, saying it will aim to alleviate a multitude of investor concerns. He believes the meeting will be a "make or break" time for his long-term thesis while the shares drift at relatively depressed levels. He expects key focus areas to be its overall medium-term operating framework, growth recovery potential/timing, and its capital allocation upside. Bergin reiterated his Outperform rating and lowered his price target to $83 from $87 on Cognizant shares.
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