Jefferies reinstated coverage of Cognizant with a Buy rating and $90 price target after the company closed its acquisition of Belcan. The deal adds upwards of 4 percentage points of revenue on a run-rate basis and “significantly” enhances the company’s capabilities in aerospace and defense, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTSH:
- Cognizant Completes Acquisition of Belcan
- Boeing’s Starliner to return without astronauts: Morning Buzz
- Cognizant sues Infosys over alleged stolen trade secrets, Reuters reports
- Cognizant appoints Rajesh Varrier as global head of operations
- Arm upgraded, Molson Coors downgraded: Wall Street’s top analyst calls
Questions or Comments about the article? Write to editor@tipranks.com