Hi,
As the KB mentioned, the email address that's stamped in the root folder is determined at the time of profile creation and should reflect the primary SMTP address that's stamped on the user.
Based on my search, I cant find other method to change the display name except creating a new profile.
Additionally, I suggest we can ask question in Microsoft outlook forum to confirm whether it can be achieved by any code related script:
https://social.technet.microsoft.com/Forums/office/en-US/home?forum=outlook
Best Regards,
David