Morgan Stanley Downgrades EPAM Sys to Underweight, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has downgraded EPAM Systems (NYSE:EPAM) from Equal-Weight to Underweight, while increasing the price target from $235 to $250.

January 24, 2024 | 11:12 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
EPAM Systems was downgraded by Morgan Stanley from Equal-Weight to Underweight, although the price target was raised from $235 to $250.
The downgrade to Underweight suggests that Morgan Stanley believes EPAM Systems may underperform the market or its sector, which could lead to a negative short-term impact on the stock price. However, the increase in the price target indicates a belief that the company has some positive fundamentals that could support a higher valuation. The mixed signals may lead to increased volatility in the stock price as investors digest the implications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100