Teleperformance: Morgan Stanley raises target price
(CercleFinance.com) - Morgan Stanley has reinstated its "overweight" recommendation on the Teleperformance share and has raised its corresponding target price from 185 euros to 200 euros.
The broker says that content moderation appears to be a large component of Teleperformance's growth 'black box'.
"The social media content moderation industry is a taciturn one. Yet it is large, growing exponentially, supported by tightening regulation and is of a scale that few outsourcers can handle," the broker comments.
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