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Epam Systems price target raised to $215 from $210 at Guggenheim

Guggenheim raised the firm’s price target on Epam Systems (EPAM) to $215 from $210 and keeps a Buy rating on the shares. Outperformance in the quarter helped by vendor consolidation, AI-related demand, and a return of clients to Epam’s “quality execution” allowed management to raise its constant currency organic growth outlook, the analyst tells investors in a post-earnings note.

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