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Fly News Breaks for October 14, 2015
PYPL, EPAM
Oct 14, 2015 | 07:25 EDT
Jefferies analyst Jason Kupferberg removed EPAM Systems from his firm's Franchise Pick List saying Q3 expectations may "simply be unrealistic" following the 8% rise in shares since September 1. The earnings report could create near-term volatility in the stock, Kupferberg cautions. Nonetheless, he raised his price target for EPAM shares to $95 from $84 and keeps a Buy rating on the name. The analyst replaced EPAM with PayPal (PYPL) on the Franchise Pick List.