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Cognizant Technology Solutions (CTSH) might be in a better position than some of its rivals to cash in on what could be a lukewarm IT spending environment this year. That’s the opinion of Steven Milunovich, an analyst for UBS Securities, who raised his rating and price target on the company in a research report Wednesday. Milunovich raised his rating to buy from neutral and hiked his price target to 58 from 50. This comes two months after the Scalper1 News
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