Stifel Nicolaus Reiterates Buy on Sykes Enterprises

Stifel Nicolaus is out with its report today on Sykes Enterprises SYKE, reiterating Buy. In a note to clients, Stifel Nicolaus writes, "We are reiterating our Buy rating and $26 target price on the shares after recent management meetings. We continue to think that the company is on track to generate around $2 per share in EPS in 2013 through industry-average revenue growth and removing some excess capacity, which should drive the operating margin to the midpoint of the 8%-10% OPM target range." Shares of SYKE closed Monday at $18.97.