Epam Systems price target raised to $250 from $220 at Barclays

Barclays analyst Ramsey El-Assal raised the firm’s price target on Epam Systems to $250 from $220 and keeps an Equal Weight rating on the shares ahead of the Q2 results. While the firm believes generative artificial intelligence has provided some price support, it remains cautious on a softening demand environment for U.S. payments, processors and IT services.