Goldman Sachs raised the firm’s price target on Cognizant to $76 from $75 and keeps a Neutral rating on the shares. The company’s acquisition of Belcan is a strategic positive as it diversifies its revenue concentration beyond Financial Services and Healthcare, though the firm remains at neutral and sees Cognizant remaining in the early innings of a pivot toward stronger growth, with gross margin pressure persisting in the near term, the analyst tells investors in a research note.
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