Deutsche Bank upgraded Cognizant (CTSH) to Buy from Hold with a $100 price target The company is positioned as the “clear winner” in IT services amid a challenging backdrop where budgets “remain tight,” the analyst tells investors in a research note. The firm sees Cognizant benefitting from the shift towards vendor consolidation and cost transformation. The company will continue to grow sales above the industry average due to share gains, contends Deutsche Bank.
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