TTEC Holdings price target lowered to $42 from $44 at Cowen

Cowen lowered the firm’s price target on TTEC Holdings to $42 from $44 and keeps a Market Perform rating on the shares. The analyst said delivery diversification investments continue and make strategic sense, but weigh heavily on near-term margins as growth slows. 2H recovery is embedded in guide and sets up for better 2024.