Scotiabank lowers Concentrix price target from $120 to $85 due to Q1 2022 EPS miss.
Scotiabank has lowered its price target for Concentrix (CNXC) from $120 to $85, retaining a sector outperform rating, while other brokerages have made similar adjustments. Concentrix fell short of analysts' consensus estimates for its Q1 2022 earnings per share, reporting $2.33 EPS compared to an expected $2.36. The company provides tech-driven customer experience solutions and pays a quarterly dividend of $0.303.
May 02, 2024
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