Teleperformance upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Remi Grenu upgraded Teleperformance to Overweight from Equal Weight with a price target of EUR 147, down from EUR 171. Share sentiment has “collapsed” due to artificial intelligence news flow and the macro-related slowdown, pushing the market to price in a “significant and immediate impact of automation,” the analyst tells investors in a research note. The firm sees several short-term catalysts and thinks concerns “have overshot the reality of the AI threat.”