Cowen Downgrades TTEC Holdings Inc. (TTEC) to Market Perform

March 5, 2021 5:30 AM EST
Get Alerts TTEC Hot Sheet
Price: $95.10 -2.45%

Rating Summary:
    4 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 13 | New: 24
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Cowen analyst Bryan Bergin downgraded TTEC Holdings Inc. (NASDAQ: TTEC) from Outperform to Market Perform with a price target of $90.00 (from $85.00).

The analyst comments "Downgrade TTEC to Market Perform. Business prospects are healthy, but following outsized stock performance (+125% TTM & +16% YTD), we move to the sidelines as expectations are elevated, it laps a COVID operating environment w/ notable short-term benefits, and a transformational deal raises short-term execution risk. We raise PT to $90 based on SOTP that gives premiums to both Engage & Digital."

For an analyst ratings summary and ratings history on TTEC Holdings Inc. click here. For more ratings news on TTEC Holdings Inc. click here.

Shares of TTEC Holdings Inc. closed at $82.19 yesterday.

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