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Fly News Breaks for January 7, 2016
BAH
Jan 7, 2016 | 07:15 EDT
Wells Fargo analyst Ed Caso upgraded Booz Allen to Outperform after raising his rating on the Government Services sector Overweight from Market Weight. The sector could offer relative strength amid the turmoil in global equities, Caso tells investors in a research note. He says the Government Services space offers defensive characteristics and improving fundamentals. Caso raised his price target range for Booz Allen shares to $33-$34 from $29-$30.
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