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.
Confident Investing Starts Here:
-
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
-
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas" href="https://thefly.com/?utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">Try Now>>
Read More on BAH:
Latest News
- Wedbush Raises Oklo Inc. (OKLO)’s Price Target to $55, Maintains Outperform Rating
- 6 Mistakes Boomers Are Making With Their Money in the Trump Economy
- ‘We have hit a wall’: Kevin O’Leary predicts a trillion-dollar crypto rush if Congress passes these 2 bills
- Vince Vaughn revealed the money moves he made to protect (and grow) his acting earnings
- Big Tech's spending drove Nvidia's rise
- 5 Steps To Quit a Side Gig You Hate When You Still Need the Money