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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PRFT: