Mizuho Maintains Buy on EPAM Sys, Lowers Price Target to $258
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Sean Kennedy maintains a Buy rating on EPAM Systems (EPAM) but lowers the price target from $345 to $258.
May 14, 2024 | 10:48 am
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Mizuho analyst Sean Kennedy reaffirmed a Buy rating on EPAM Systems but reduced the price target from $345 to $258.
While the maintenance of a Buy rating by Mizuho reflects continued confidence in EPAM Systems, the reduction in the price target could signal concerns about near-term growth prospects or market conditions affecting the company. This mixed signal is likely to have a neutral short-term impact on the stock as positive sentiment from the Buy rating could be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100