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Fly News Breaks for November 26, 2018
CTSH
Nov 26, 2018 | 09:22 EDT
As reported previously, Cowen analyst Bryan Bergin downgraded Cognizant to Market Perform from Outperform. The analyst said he is more cautious about a near-term pickup in revenue growth that is implied in the 2019 consensus following weaker performance in Cowen's semi-annual IT Services survey. Bergin lowered his price target to $75 from $83 on Cognizant shares.
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