SunTrust analyst Tobey Sommer raised his price target on Booz Allen to $80 and kept his Buy rating after its "superior" Q1 revenue growth and "profit flow", with the company's 7% headcount growth from last year's Q1 highlighting its confidence in the "durability of growth." The analyst notes that Booz Allen's "people investment" contributes to the profitability that other government services are unable to match, helping the company win "high margin work". Sommer adds that the management's affirmed FY20 guidance is likely to prove conservative after a "very strong" start to the year.