Cognizant price target raised to $88 from $82 at RBC Capital

RBC Capital analyst Daniel Perlin raised the firm’s price target on Cognizant (CTSH) to $88 from $82 and keeps a Sector Perform rating on the shares. The company reported another solid quarter with Q4 results exceeding Street expectations across the board and trailing-12-month bookings growth remaining at 5% y/y, the analyst tells investors in a research note.