Cognizant Technology Solutions reiterated at Outperform at Oppenheimer & Co.

• Increasing target to $64 (current price $58.10), analyst Glenn Greene spotlights Cognizant Technology Solutions' (CTSH +3%) shift in long-term investment and capital allocation strategy. Does, however, also note immigration and visa issues that persist as share overhangs.
• Yesterday (February 8, 2017): Cognizant Technology Solutions +5.97%; cooperation agreement entered with Elliott Management, plan for return of $3.4B to shareholders approved