Baird lowered the firm’s price target on Ibex to $24 from $28 and keeps an Outperform rating on the shares. The company’s fiscal Q4 results were “okay,” with revenue missing by 1%, pretax income beating modestly, and free cash flow strong, the analyst tells investors in a research note. The firm finds the stock’s risk/reward attractive although it understands the stock will likely pullback today on the fiscal 2024 revenue guidance.
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