Conditional format for name

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Is there a way to just conditional format a name that appears in a resources/owners column. I have a dropdown with multiselect and I'd like to be able to change the color of 1 of the drop down options to red. For example, wherever Epic is listed as a resource, I'd like Epic to be highlighted in red or have a red font. I don't want the whole cell highlighted, just the word Epic.


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