UBS analyst Rayna Kumar raised the firm’s price target on Cognizant to $68 from $62 on Friday, while keeping a Neutral rating on the shares. The analyst noted that Cognizant announced the appointment of Ravi Kumar S as CEO and member of the Board, starting January 12, 2023. Former CEO, Brian Humphries will remain with Cognizant as a special advisor until March 15, 2023.
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