Teleperformance: Credit Suisse raises target price
(CercleFinance.com) - On Friday Credit Suisse raised its target price for Teleperformance shares to 420 euros (from 390 euros), while renewing its "outperform" rating on the customer experience management specialist.
In a report, the broker said that it has raised its EPS estimates for the group by 4% for 2022 and 2023, following its announcement of the acquisition of Senture in the US.
"We think that Teleperformance can continue to benefit from trends towards outsourcing and digitization to drive high single digit organic revenue growth over the next 4 years," Credit Suisse said.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.