TD Cowen Maintains Hold on EPAM Sys, Lowers Price Target to $203
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bryan Bergin maintains a Hold rating on EPAM Systems (EPAM) and lowers the price target from $282 to $203.
May 10, 2024 | 6:03 pm
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TD Cowen's adjustment of EPAM's price target from $282 to $203 while maintaining a Hold rating could signal a cautious outlook on the company's near-term performance.
The reduction in price target by a significant margin suggests that the analyst sees potential headwinds or lower growth prospects for EPAM Systems. This could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
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