Canaccord last night downgraded TTEC Holdings to Hold from Buy with a price target of $13, down from $30. The firm says the macro environment remains tough and TTEC’s clients remain reticent about committing to service volume levels more than a month or two out. This is reducing TTEC’s visibility, the analyst tells investors in a research note. Additionally, according to management, one large customer is materially reducing operations at one of its business units, notes Canaccord.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TTEC:
- TTEC Holdings downgraded to Market Perform from Outperform at Barrington
- TTEC Holdings price target lowered to $25 from $30 at Northland
- TTEC Announces Fourth Quarter and Full Year 2023 Financial Results
- TTEC Holdings sees FY24 adjusted EPS $1.15-$1.86, consensus $2.21
- TTEC Holdings sees Q1 adjusted EPS 25c-34c, consensus 41c
