Information Provided By: 
Fly News Breaks for December 10, 2019
PSN
Dec 10, 2019 | 17:06 EDT
Stifel analyst Joseph DeNardi initiated coverage of Parsons with a Hold rating and $44 price target. The analyst cites the company's "slower-than-average" recent organic growth rate, adding that the stock is trading in line with his target valuation of a 10% discount relative to its peer group. DeNardi further notes that while Parson's offers a "leading position in favorable end-markets within its infrastructure business and increasing capabilities within its Federal business", he prefers to wait for a more compelling valuation.
News For PSN From the Last 2 Days
