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Fly News Breaks for April 19, 2018
EPAM
Apr 19, 2018 | 07:18 EDT
SunTrust analyst Frank Atkins initiated Epam Systems with a Buy rating and a price target of $130. Atkins sees Epam as a "next-generation" IT services provider and believes the company can sustain revenue growth of over 20% for the next 3-5 years amid growth of key clients, accelerated billings, and headcount increases. The analyst also lists "targeted M&A" for additional capabilities, client wins due to tax changes, and rising interest rates boosting the health of the financial center as key upside catalysts.
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