06:59 TTEC TeleTech: Friedman Billings believes TTEC remains a screaming buy (35.18 )
Friedman Billings reiterates their Outperform rating and $46 tgt on FBR Top Pick TTEC following an upbeat co presentation by the Founder and CEO Ken Tuchman. The secular demand trends remain strong for BPO, and firm continues to believe TTEC is the best positioned service provider to take advantage of this trend due to its global footprint, process excellence, and significant investment in its technology, including both its IP communication network and its many business applications. The stock has sold off over 15% since its recent highs, the largest correction in the last year having appreciated over 200%, and firm views the pull-back as a buying opportunity.
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