Teleperformance: Oddo raises target price

(CercleFinance.com) - Oddo is maintaining its "outperform" rating on Téléperformance shares, having increased its target price for them to 382 euros (from 360 euros).


The broker believes that a FY organic growth guidance of at least 12% is cautious and expects 19%, thanks to strong growth in business.

The analyst says that ultimately, Téléperformance continues to show excellent sales momentum and its guidance for 2021 seems cautious - both in terms of sales and margins - the analyst continues.

Oddo reports that the group's new acquisitions over the next 12/18 months will have an accretive effect (+7% on a proforma basis for Health Advocate) and is therefore increasing raises its 2021 EPS estimate by 7.1%.


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