Wendy Boyd
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Cognizant's Risks Aren't What They Used To Be, Analyst Upgrades

Loop Capital upgraded Cognizant Technology Solutions Corp  following the company's second-quarter results, reasoning that demand headwinds and headline risk are receding at the tech company.

Loop upgraded Cognizant from Hold to Buy and set an $83 price target on Friday.

Meanwhile, BMO Capital Markets maintained an Outperform on the company, encouraged by Cognizant's new return of capital plan and its growth potential, and raised its price target from $69 to $76.

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