Piper Sandler Maintains Overweight on EPAM Sys, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Arvind Ramnani maintains an Overweight rating on EPAM Systems (NYSE:EPAM) but lowers the price target from $252 to $230.
June 13, 2024 | 9:12 am
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NEUTRAL IMPACT
Piper Sandler has maintained its Overweight rating on EPAM Systems but has lowered the price target from $252 to $230. This suggests continued confidence in the stock but with a slightly reduced upside potential.
The Overweight rating indicates that Piper Sandler still sees EPAM Systems as a strong investment, but the lowered price target reflects a more cautious outlook on its short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100