BGB Securities Comments on Sykes Enterprises

BGB Securities provided color on Sykes Enterprises (NASDAQ: SYKE) in a research report published today. BGB Securities has previously given Sykes Enterprises a Buy rating and $24 price target.

In the report, BGB Securities states, "This morning, SYKE announced that the board has authorized an additional 5M hares repurchase. This is timely in light of the fact the shares are down 40% since July."

Shares of Sykes Enterprises were trading at $13.38 at the time of posting, down 0.45% from Thursday's market close.