HSBC Maintains Buy on EPAM Sys, Lowers Price Target to $345
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Phani Kanumuri maintains a Buy rating on EPAM Systems (NYSE:EPAM) but lowers the price target from $350 to $345.

April 03, 2024 | 12:14 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
HSBC maintains a Buy rating on EPAM Systems but lowers the price target from $350 to $345.
The adjustment in price target by HSBC reflects a slight change in valuation expectation for EPAM Systems, though the Buy rating indicates continued confidence in the company's performance. The reduction in price target is minor, suggesting that the overall investment thesis remains largely unchanged. This could lead to a neutral short-term impact on the stock as investors digest the slight adjustment in expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100