B of A Securities Downgrades EPAM Sys to Underperform, Lowers Price Target to $223
Portfolio Pulse from Benzinga Newsdesk
Bank of America Securities analyst Jason Kupferberg downgraded EPAM Systems (NYSE:EPAM) from Buy to Underperform and lowered the price target from $310 to $223.
June 05, 2023 | 4:51 pm
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NEGATIVE IMPACT
EPAM Systems downgraded to Underperform by BofA Securities, with a lowered price target of $223.
The downgrade from Buy to Underperform and the lowering of the price target from $310 to $223 by BofA Securities analyst Jason Kupferberg indicates a negative outlook for EPAM Systems. This could lead to a short-term decline in the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100