Guggenheim bearish on TTEC Holdings stock, cites competitive challenges

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On Tuesday, TTEC Holdings Inc. (NASDAQ: NASDAQ:), a global customer experience technology and services company, was initiated with a Sell rating by Guggenheim. The firm set a price target of $8.00, citing concerns about the stock’s market position and potential disruptions.

The Guggenheim analyst pointed to the possibility of offshore-driven disruption and a disadvantaged competitive positioning as the primary reasons for the negative outlook. These factors are believed to contribute to an unfavorable risk-reward balance for TTEC Holdings.

TTEC Holdings specializes in providing customer experience solutions that leverage technology to help businesses connect with their customers. Despite the current challenges identified by Guggenheim, the company continues to operate in the competitive customer service technology market.

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