Scotiabank Downgrades EPAM Sys to Sector Perform, Lowers Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Divya Goyal downgraded EPAM Systems (NYSE:EPAM) from Sector Outperform to Sector Perform and reduced the price target from $300 to $245.
May 10, 2024 | 1:43 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
EPAM Systems was downgraded by Scotiabank from Sector Outperform to Sector Perform, with a price target reduction from $300 to $245.
The downgrade by a major bank like Scotiabank, accompanied by a significant reduction in the price target, is likely to negatively impact investor sentiment towards EPAM in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100