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Fly News Breaks for July 8, 2016
EPAM
Jul 8, 2016 | 07:01 EDT
Citi analyst Ashwin Shirvaikar points out that shares of EPAM Systems are down 13% since the Brexit referendum vote. The company should still see "solid upper-teens" earnings growth in the coming year, even with a weaker demand environment in Europe, Shirvaikar tells investors in a research note. He cut his price target for EPAM to $76 from $85.50 and views the stock as attractive at current levels. The analyst keeps a Buy rating on the name.
News For EPAM From the Last 2 Days
EPAM
Apr 26, 2024 | 05:09 EDT
Barclays analyst Ramsey El-Assal lowered the firm's price target on Epam Systems to $265 from $315 and keeps an Equal Weight rating on the shares. Peer results point to continued softness in discretionary spend, the analyst tells investors in a research note. While solid bookings support longer-term growth, pressure in small deals adds downside-risk to Q1 results, says the firm.