Jefferies Downgrades EPAM Sys to Hold, Announces $295 Price Target
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Surinder Thind has downgraded EPAM Systems (NYSE:EPAM) from Buy to Hold and set a price target of $295. This reflects a more cautious stance on the stock's near-term growth prospects or valuation.
January 11, 2024 | 2:28 pm
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NEUTRAL IMPACT
EPAM Systems was downgraded by Jefferies from Buy to Hold with a price target of $295, indicating a neutral outlook on the stock's near-term performance.
Downgrades by analysts can lead to a negative perception among investors, potentially causing short-term price stagnation or decline. However, the establishment of a price target suggests a belief in the stock's stability, mitigating the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100