Teleperformance: further decline, analyst lowers target

(CercleFinance.com) - Teleperformance's share price fell by a further 0.
6% following an analysis by UBS, while the CAC gained 0.9%. The stock is now down nearly 25% in one week.

UBS has drastically reduced its price target from 137 to 95 euros, leaving 12% upside potential for the French customer relations outsourcing group. The analyst firm maintains its 'neutral' position on the stock,

"Despite a rock-bottom valuation, faster deflation, integration risk and poor visibility on customer decision-making limit the potential for revaluation", says the broker, for whom the group "still has a long and uncertain road ahead to reconvince".

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