Grid Dynamics price target lowered to $8 from $10 at TD Cowen

TD Cowen lowered the firm's price target on Grid Dynamics to $8 from $10 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.