Teleperformance shares lead the CAC 40 index in midday trading on the Paris Bourse on Wednesday, with broker Berenberg predicting a brighter future for the customer relationship outsourcing specialist.

The broker - who reiterates his buy recommendation and price target of 215 euros on the stock - notes that the French group's share price continues to suffer from concerns linked to the emergence of generative AI on its business.

Yet, he points out, a study he conducted within the sector has come to favorable conclusions concerning Teleperformance, suggesting, in his view, a revaluation of the stock.

"We hope that this will enable investors to feel more reassured about the company's favorable long-term growth trajectory", he concludes.

At mid-day, Teleperformance shares were up 2.6%, while the CAC 40 was up 0.7%, even though the stock is still down 18% since the start of the year.

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