Booz Allen downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Brian Gesuale downgraded Booz Allen (BAH) to Market Perform from Outperform with no price target following this morning’s “weak” quarterly report and guidance. The company’s heavier civil government mix and challenges aligning with the current administration, along with difficult comps, create a backdrop of significant organic growth deceleration, while margins “look like they will be heavy as well” given ongoing investment in long-term growth areas, the analyst tells investors.
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