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Fly News Breaks for February 21, 2020
EPAM
Feb 21, 2020 | 07:43 EDT
Cantor Fitzgerald analyst Joseph Foresi raised the firm's price target on Epam Systems to $260 from $219 and maintains an Overweight rating on the shares. Epam reported earnings results above expectations and maintained strong revenue growth of 25.3%, as digital continues to drive results, Foresi tells investors in a post-earnings research note. He believes the company deserves a premium valuation to the group given its relative growth rates and positioning as a digital pure play.
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