TTEC Holdings upgraded to Outperform from Market Perform at Barrington

Barrington upgraded TTEC Holdings to Outperform from Market Perform with an $18 price target. Despite a weakening revenue outlook, investor sentiment should improve on the company’s better financial performance in 2024 and the stock’s attractive valuation, the analyst tells investors in a research note. The firm says that while business conditions are challenging, client spending will improve in the second half of 2024 as the economic outlook becomes more predictable and the company’s offshore expansion plan helps generate more clients.