Barclays Downgrades EPAM Sys to Equal-Weight, Lowers Price Target to $220
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Ramsey El-Assal downgraded EPAM Systems (NYSE:EPAM) from Overweight to Equal-Weight and lowered the price target from $310 to $220.
June 06, 2023 | 9:44 am
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NEGATIVE IMPACT
EPAM Systems downgraded to Equal-Weight by Barclays, with a reduced price target of $220.
The downgrade from Overweight to Equal-Weight and the reduction in price target from $310 to $220 by Barclays analyst Ramsey El-Assal may negatively impact EPAM's stock price in the short term, as it indicates a less favorable outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100