Teleperformance: Oddo maintains buy rating, raises TP

(CercleFinance.com) - Oddo BHF reiterates its "buy" rating on the Teleperformance share, nudging up its corresponding target price from 305 euros to 310 euros, which it says is a file that demonstrated a great capacity for adaptation in 2020 (70%-75% of its workforce distance-working) and growth in a difficult environment.


The broker has therefore raised its estimates for organic sales growth by 1% in 2020 (to +9%) and by 4% in 2021 (to +10%) to take into account a good sales momentum on new contracts, while increasing its 2021 EPS estimates by +1%.


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