Stifel lowered the firm’s price target on Epam Systems (EPAM) to $240 from $275 and keeps a Buy rating on the shares ahead of the company’s Q1 report due on May 8. The firm is revising EPS for incremental uncertainty and now conforms with consensus, but notes this change is “precautionary given the current environment and not in response to anything specific we have learned” about Epam.
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