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Fly News Breaks for January 31, 2017
BAH
Jan 31, 2017 | 07:23 EDT
After Booz Allen reported higher than expected Q3 revenue but lower than expected EPS, Wells Fargo notes that the company's margins were lower than expected. It adds that the company's decision to lower its margin guidance and change its statements on capital deployment "adds some concern/confusion." However, Wells says that "nothing really changed" as far as the capital deployment statements, and it thinks that the 6%+ decline in the stock yesterday was overdone. Wells keeps an Outperform rating on the shares.
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