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Jefferies Sees a Bottom for IT Spending -- EPAM Systems Stock Could Get a Boost

By Yahoo! Finance   |   5 months ago
Jefferies Sees a Bottom for IT Spending -- EPAM Systems Stock Could Get a Boost

Jefferies upgraded EPAM Systems to buy from hold, with a price target of $237. They anticipate a rebound in IT spending and highlighted the company's AI demand and attractive valuation. Despite a recent price increase, EPAM shares have dropped by 30% this year.

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