Berenberg analyst Meha Pau initiated coverage of Cognizant (CTSH) with a Buy rating and $107 price target The company is well positioned for the AI-led transformation in IT services, the analyst tells investors in a research note. The firm sees a more favorable set-up for the company following its changes to management in 2023 and $1B investment in AI. There are now “yielding impressive results,” with Cognizant’s organic growth outpacing peers, contends Berenberg.
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