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Fly News Breaks for May 10, 2019
CTSH
May 10, 2019 | 07:40 EDT
Argus analyst James Kelleher downgraded Cognizant to Hold from Buy, stating that its poor Q1 performance was due to weakness in its financial services and healthcare verticals, which are "by far" the company's most important. He does not see an immediate turnaround in these verticals and expects revenue weakness to continue, the analyst tells investors.
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