Scotiabank lowered the firm’s price target on Concentrix to $115 from $120 and keeps an Outperform rating on the shares. The analyst believes Webhelp is a “highly strategic” acquisition for Concentrix, making it a dominant player in the growing customer experience industry. The downward revision of the price target is primarily due to the share issuance related to the Webhelp acquisition, which is otherwise earnings accretive, the analyst tells investors in a research note.
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