Teleperformance: Morgan Stanley upgrades stock
(CercleFinance.com) - On Tuesday, Morgan Stanley upgraded its Telepeformance shares to 'overweight' from 'equal weight', albeit with a target price reduced from E171 to E147 (cp: E108, +4.
8%).
In a research note, analysts at the US investment bank tend to put the threat posed by the emergence of artificial intelligence (AI) into perspective.
While they acknowledge that the acceleration of the automation of activities linked to the outsourcing of the customer experience constitutes a "risk" for the group, MS considers that the scenario in which the company would find itself totally excluded from its market has very little chance of materialising.
On the contrary, teams at the New York-based broker say they see several catalysts likely to support the share price in the near term, starting with the diminishing impact that AI-related news can have on the stock.
Morgan Stanley adds that Teleperformance's 2024 annual targets seem credible, and that the company could soon unveil new medium-term prospects.
Finally, the analysts mention the promise of further redistributions to shareholders, while pointing out that European investors seem to be showing increasing interest in Teleperformance.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
8%).
In a research note, analysts at the US investment bank tend to put the threat posed by the emergence of artificial intelligence (AI) into perspective.
While they acknowledge that the acceleration of the automation of activities linked to the outsourcing of the customer experience constitutes a "risk" for the group, MS considers that the scenario in which the company would find itself totally excluded from its market has very little chance of materialising.
On the contrary, teams at the New York-based broker say they see several catalysts likely to support the share price in the near term, starting with the diminishing impact that AI-related news can have on the stock.
Morgan Stanley adds that Teleperformance's 2024 annual targets seem credible, and that the company could soon unveil new medium-term prospects.
Finally, the analysts mention the promise of further redistributions to shareholders, while pointing out that European investors seem to be showing increasing interest in Teleperformance.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.