Teleperformance: Credit Suisse upgradedes to 'buy'

(CercleFinance.com) - This morning, Credit Suisse has upgraded its neutrasl rating on the Teleperformance share to buy ("outperform").

Alongside this upgrade, the broker raised its corresponding target price from 160 euros to 225 euros.

In essence, analysts believe that the current share price does not do justice to the group's organic growth, which has exceeded 5% over 29 consecutive quarters. Nor does it reflect the call center specialist's diversification towards, for example, the moderation of content, and moreover the rising importance of "e-clients", whose share in group revenues has increased from 5% in 2012 to 22% in H1 2019. Credit Suisse believes that the group's ability to make sound, accretive acquisitions is also a catalyst.



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