Citi analyst Ashwin Shirvaikar raised the firm’s price target on Cognizant to $72 from $65 and keeps a Neutral rating on the shares. The company delivered essentially in-line revenues and beat earnings with help from a tax benefit and benefit from an insurance recovery related to the 2020 ransomware attack, the analyst tells investors in a research note.
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- COGNIZANT REPORTS SECOND QUARTER 2023 RESULTS
- Cognizant raises FY23 adjusted EPS view to $4.25-$4.48 from $4.11-$4.34
- Cognizant sees Q3 revenue $4.89B-$4.94B, consensus $4.86B
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