Perficient price target lowered to $50 from $65 at Scotiabank

Scotiabank analyst Divya Goyal lowered the firm’s price target on Perficient to $50 from $65 and keeps a Sector Perform rating on the shares. The Technology Services sector has been under pressure over the last few weeks due to weaker than anticipated outlook from global technology services peers and Global IT peers, the analyst tells investors. The firm enters into the upcoming earnings season with an overall negative sentiment on the sector.