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Epam Systems initiated with a Hold at Truist

Truist initiated coverage of Epam Systems (EPAM) with a Hold rating and $220 price target Epam Systems is an improving, but in-transition IT Services asset, and while growth is still subdued, it is improving, the analyst tells investors in a research note. Additionally, continued progress toward scaling its GenAI business and proof points of successful integration of recent M&A could make the firm more constructive on the stock.

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