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Fly News Breaks for May 9, 2019
PRSP
May 9, 2019 | 05:35 EDT
Goldman Sachs analyst Gavin Parsons started Perspecta with a Sell rating and $21 price target. The analyst expects the company to grow revenue at the slowest pace in his coverage reflecting near-term headwinds and reversing tailwinds in Background Investigations. However, Parsons initiated coverage of US Government IT & Services with a favorable outlook on the sector. He believes we are in the "sweet-spot" of a Defense budget upturn and expects the sector to outperform the market, with "multiple years" of growth ahead.
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