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Fly News Breaks for September 11, 2018
BAH
Sep 11, 2018 | 08:30 EDT
Jefferies analyst Sheila Kahyaoglu raised her price target for Booz Allen Hamilton to $80 after hosting investor meetings with management. The analyst sees potential upside to the company's 6%-9% revenue growth target from "accelerating adoption of emerging opportunities as exhibited by backlog growth." Further, she notes its pricing is improving and that the hiring step-up is to meet market demand. Kahyaoglu believes backlog growth bodes well for demand and keeps a Buy rating on Booz Allen.
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