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-0.000890746514097745 -0.00058241118229456 0.00219260680393314 0.0031176127993423 0.000806810784884723 0.00486484634622637 0.00597827948884855 0.0044194730891775
Stock impact report

Accenture, EPAM Systems, Globant among those initiated at Guggenheim [Seeking Alpha]

EPAM Systems, Inc. (EPAM) 
Last epam systems, inc. earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.epam.com/investors
Company Research Source: Seeking Alpha
The investment firm put Buy ratings on Accenture, Endava ( DAVA ), EPAM Systems and Globant, while it slapped Neutral ratings on Cognizant Technology Solutions ( CTSH ), DXC Technology ( DXC ), Infosys ( INFY ), Perficient ( PRFT ), TaskUs ( TASK ) and Telus International ( TIXT TTEC Holdings ( TTEC ) was the lone company given a Sell rating. "A muted demand backdrop for late-cycle IT Services providers, underpinned by ongoing macroeconomic uncertainty, leaves us cautious on potential for near-term upside to consensus estimates, with cyclical forces continuing to overtake secular opportunities," analyst Jonathan Lee wrote in an investor note. "However, an eventual reversion away from cost optimization initiatives toward addressing transformational agendas— fueled, in part, by artificial-intelligence-related workstreams—drives our preference for growth, given medium-term opportunities for secular tailwinds." In the near-term, demand is likely to be "soft" as discretionary spen Show less Read more
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