Epam Systems price target lowered to $131 from $170 at TD Cowen

TD Cowen lowered the firm's price target on Epam Systems to $131 from $170 and keeps a Buy rating on the shares. The firm updated its model ahead of the upcoming earnings season where they said a mid-year reset is anticipated for many in the sector as downstream impacts from elongated geopol uncertainty present downside risk to C2H estimates.