TTEC Holdings price target lowered to $13 from $18 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on TTEC Holdings to $13 from $18 and keeps a Buy rating on the shares. TTEC reported modestly better than expected results and guidance was maintained, the analyst tells investors in a research note. The company has good visibility into guidance and the stock is attractive at a 15% free cash flow yield, the firm says.