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Fly News Breaks for October 9, 2017
SYKE, WNS
Oct 9, 2017 | 07:25 EDT
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.
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