Ibex price target raised to $24 from $21 at RBC Capital

RBC Capital analyst Daniel Perlin raised the firm’s price target on Ibex (IBEX) to $24 from $21 and keeps a Sector Perform rating on the shares. The company reported a further sequential acceleration in y/y growth to 6.1% from 4.1%, which is also the fastest quarterly y/y growth that Ibex generated in two years, the analyst tells investors in a research note.