As previously reported, Wolfe Research analyst Darrin Peller upgraded Cognizant to Peer Perform from Underperform with no price target. The firm is more constructive on shares given growing confidence in new management and strategy. CEO Ravi Kumar has made meaningful progress on his three goals of large deal capture, lower attrition and cost cutting, says the analyst, who believes targeted investments into higher-tech offerings.investments position Cognizant for better deal capture upon a macro rebound.
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