Sykes Enterprises (SYKE) Named 'Fresh Pick' at Baird

Baird analyst David J. Koning named Sykes Enterprises (NASDAQ: SYKE) a Fresh Pick while reiterating an Outperform rating and $45.00 price target. Koning notes momentum has been strong, with a valuation that seems disconnected
from fundamentals.

The analyst commented, "We think SYKE can continue the strong revenue momentum, given its longstanding at-home expertise and companies wanting to outsource complexities of hiring/training/etc. in an uncertain environment. Margins are likely to keep ramping as office costs and T&E are low. We think 2021 EPS could potentially approach $3 (currently $2.65), if revenue growth ends up in the mid/high-single-digit growth range in 2020/2021 (we currently model low-single-digits)."

For an analyst ratings summary and ratings history on Sykes Enterprises click here. For more ratings news on Sykes Enterprises click here.

Shares of Sykes Enterprises closed at $31.37 yesterday.

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