Ibex price target raised to $20 from $18 at RBC Capital

RBC Capital raised the firm’s price target on Ibex to $20 from $18 and keeps a Sector Perform rating on the shares. The company showed a return to revenue growth with 1% y/y in the quarter and the management calling out an inflection point in top-line growth, implying improvement from here with sustained margin support from a continuation of positive mix shift towards off- and near-shore, digital, and strong pricing, the analyst tells investors in a research note.