(CercleFinance.com) – RBC announced on Thursday that it had lowered its price target on Teleperformance, which it reduced from 400 to 340 euros, while saying that it continued to see “material” upside potential in the stock.
After an ‘annus horribilis’ in 2023, the Canadian broker – who maintains his ‘outperformance’ opinion on the value – says he expects the stock market to continue to evolve without much trend, below its intrinsic value.
However, RBC believes that the defensive characteristics of the customer experience outsourcing specialist’s growth, as well as the levers at its disposal to protect its margins, still represent an investment opportunity, whether with a view to short term or in a long term approach.
Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
