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Fly News Breaks for November 13, 2019
PSN
Nov 13, 2019 | 08:00 EDT
SunTrust analyst Tobey Sommer raised his price target on Parsons to $44 to reflect the "favorable mix shift" toward the "lucrative" Federal Solutions segment. The analyst also raises his FY19 EBITDA view to $302M from $289M and keeps his Buy rating on the stock, noting that it could "fit a particular niche for small-cap value investors looking for exposure to a cyber, intel and space government services solutions provider".
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