SunTrust analyst Frank Atkins raised his price target on Sykes Enterprises (SYKE) to $34 from $30 with a Buy rating, stating better revenue can be expected from stable end market demand as well as the previously acquired sales conversion unit Clearlink. As part of a broader Q3 preview of Business Process Management space, Atkins also raised his target on WNS (WNS) to $41 from $39, noting its high margins relative to peers. The analyst contends that demand for U.S. professional services is stable across a broad section of business functions and wage trajectory looks stable.

Citi analyst Ryan Potter lowered the firm's price target on WNS Holdings to $62 from $80 and keeps a Buy rating on the shares. The analyst continues to have a cautious view toward the enterprise IT spending environment into the Q1 reports with the demand environment relatively unchanged from late 2023. This includes continued pressures on discretionary spend and delayed decision-making as macro, geopolitical, and some industry-specific concerns remain, the analyst tells investors in a research note.