Barrington analyst Vincent Colicchio lowered the firm’s price target on Concentrix to $70 from $84 and keeps an Outperform rating on the shares after the company’s Q3 revenue exceeded the firm’s forecast, but its EPS and adjusted EBITDA missed forecasts. Following the report, the firm is reducing its FY24 and FY25 non-GAAP EPS forecasts to $11.15 and $12.01 from $11.77 and $13.20, respectively.
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- Morning Movers: Micron and Accenture rise following quarterly results
- Concentrix price target lowered to $70 from $85 at BofA
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- Concentrix cuts FY24 EPS view to $11.05-$11.31 from $11.40-$12.07
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