Barclays Maintains Equal-Weight on EPAM Sys, Lowers Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Equal-Weight rating on EPAM Systems (NYSE:EPAM) and reduced the price target from $315 to $265.

April 26, 2024 | 1:42 pm
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NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on EPAM Systems but lowers the price target from $315 to $265.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in EPAM's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the company as fairly valued at its current price, but the lowered target suggests a reassessment of the company's future growth prospects or market conditions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100