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Fly News Breaks for May 9, 2019
TTEC
May 9, 2019 | 09:34 EDT
Craig-Hallum analyst George Sutton raised his price target for TTEC Holdings to $50 from $42 as he believes it is an "under-owned, under followed stock." The analyst applauds management for taking step number 1, beginning next quarter, of breaking out its "cool-tech forward" segments from the legacy businesses, given they have a different investor audience and growth/valuation profile. Fundamentally, Sutton remains "very impressed" with the company's continued outsized growth in bookings. The analyst reiterates a Buy rating on the shares.