Guggenheim lowered the firm’s price target on Epam Systems (EPAM) to $200 from $225 and keeps a Buy rating on the shares. The firm expects underlying business momentum to remain stable in Q1 as channel checks continue to suggest clients view Epam as “a quality vendor to help realize tangible AI goals,” the analyst tells investors in a preview. However, risks to the Q2 revenue outlook amid a softer demand environment lead the firm to lower its target.
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