Cognizant price target raised to $72 from $65 at Citi

Citi analyst Ashwin Shirvaikar raised the firm’s price target on Cognizant to $72 from $65 and keeps a Neutral rating on the shares. The company delivered essentially in-line revenues and beat earnings with help from a tax benefit and benefit from an insurance recovery related to the 2020 ransomware attack, the analyst tells investors in a research note.