JP Morgan Maintains Overweight on EPAM Sys, Lowers Price Target to $311
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang maintains an Overweight rating on EPAM Systems (NYSE:EPAM) but lowers the price target from $331 to $311.
May 02, 2024 | 4:25 pm
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JP Morgan maintains an Overweight rating on EPAM Systems but lowers the price target from $331 to $311.
While the maintenance of an Overweight rating suggests continued confidence in EPAM Systems' fundamentals and growth potential, the reduction in the price target may reflect adjustments to valuation models, possibly due to market conditions or revised earnings expectations. This mixed signal could lead to short-term uncertainty among investors, balancing optimism with caution.
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