Morgan Stanley Upgrades EPAM Sys to Equal-Weight, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette upgraded EPAM Systems (NYSE:EPAM) from Underweight to Equal-Weight, while also lowering the price target from $236 to $225.

April 26, 2024 | 9:58 am
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NEUTRAL IMPACT
EPAM Systems was upgraded by Morgan Stanley from Underweight to Equal-Weight, indicating a neutral outlook, but the price target was reduced from $236 to $225, suggesting some caution.
The upgrade to Equal-Weight reflects a neutral stance on EPAM's stock, suggesting that the analyst sees the company's performance aligning closer with the market average. However, the reduction in the price target indicates a tempered expectation for the stock's growth potential, which could lead to a neutral short-term impact on the stock price as investors digest both the upgrade and the lowered expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100