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GD

General Dynamics

$190.91

0.98 (0.52%)

, BAH

Booz Allen

$70.35

0.85 (1.22%)

17:44
09/16/19
09/16
17:44
09/16/19
17:44

General Dynamics, Booz Allen and Parsons awarded $427M max Air Force contract

General Dynamics (GD), Booz Allen Hamilton (BAH) and Polaris Alpha, a subsidiary of Parsons (PSN), have been awarded a $427M maximum ordering amount indefinite-delivery/indefinite-quantity contract with cost-plus-fixed-fee and firm-fixed-price orders for the enhancements, modifications, integration, testing, demonstrations, deployments, maintenance and research and development of global application research, development, engineering and maintenance software baselines. Work is expected to be completed by September 16, 2026. This award is the result of a competitive acquisition and four offers were received. FY19 operations and maintenance funds in the amount of $88,165 are being obligated at the time of contract award. The Air Force Research Laboratory is the contracting activity.

GD

General Dynamics

$190.91

0.98 (0.52%)

BAH

Booz Allen

$70.35

0.85 (1.22%)

PSN

Parsons

$37.25

0.35 (0.95%)

  • 27

    Oct

GD General Dynamics
$190.91

0.98 (0.52%)

08/20/19
BOFA
08/20/19
NO CHANGE
BOFA
BofA/Merrill US 1 List changes
BofA/Merrill added Raytheon (RTN) to the US 1 List and removed AT&T (T), Williams (WMB), General Dynamics (GD) and Tapestry (TPR).
07/10/19
BARD
07/10/19
NO CHANGE
Target $218
BARD
Outperform
General Dynamics price target raised to $218 from $188 at Baird
Baird analyst Peter Arment raised his price target for General Dynamics to $218 from $188 ahead of the company's second quarter results. In a research note to investors, Arment says he expects the company's quarter will be "solid" with modest potential upside to the consensus EPS driven by stable margin performance across the business, including Aerospace. Arment says the the timing of G500 andG600 production lots leads much of the Street to expect pressure on Aerospace margins and also gives General Dynamics a chance to outperform in this end market and raise guidance.
05/20/19
05/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Dynamics (GD) upgraded to Buy from Neutral at Goldman Sachs with analyst Noah Poponak saying the valuation of General Dynamics relative to its defense peers has moved to the low-end of historical ranges. 2. Target (TGT) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Simeon Gutman citing his view that the 15% pullback in the stock over the past month leaves less near-term downside and that the company "appears to be past peak margin pain." 3. NeoPhotonics (NPTN) upgraded to Buy from Neutral at B. Riley FBR with analyst David Kang saying the company's exposure to Huawei has been "de-risked" following the recent selloff in the shares. 4. United Continental (UAL) upgraded to Overweight from Equal Weight at Morgan Stanley. 5. Jack in the Box (JACK) upgraded to Buy from Hold at Stifel with analyst Chris O'Cull saying the stock's valuation will improve as investors gain confidence in the company's outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/19/19
GSCO
05/19/19
UPGRADE
Target $204
GSCO
Buy
Goldman sees sentiment reversal for General Dynamics, upgrades shares to Buy
Goldman Sachs analyst Noah Poponak upgraded General Dynamics to Buy from Neutral with an unchanged price target of $204. The stock closed Friday down $3.48 to $166.67. The valuation of General Dynamics relative to its defense peers has moved to the low-end of historical ranges, Poponak tells investors in a research note. The analyst thinks higher Gulfstream margins, the G500/600 ramp, and improving free cash flow can act as catalysts to reverse sentiment on shares of General Dynamics.
BAH Booz Allen
$70.35

0.85 (1.22%)

06/03/19
MSCO
06/03/19
INITIATION
Target $70
MSCO
Overweight
Booz Allen initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Matthew Sharpe initiated coverage of the Government Services industry, starting Booz Allen with an Overweight rating and $70 price target. The company's "superior" topline growth is driven by its leading market position within higher-end technologies, said Sharpe, who added that Booz Allen also has "one of the best balance sheets in the space."
07/30/19
WELS
07/30/19
DOWNGRADE
Target $74
WELS
Market Perform
Booz Allen downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Edward Caso downgraded Booz Allen Hamilton to Market Perform from Outperform while raising his price target for the shares to $74 from $71. The analyst cites "solely valuation" for the downgrade.
07/30/19
RHCO
07/30/19
NO CHANGE
Target $80
RHCO
Buy
Booz Allen price target raised to $80 from $69 at SunTrust
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.
07/30/19
07/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Pfizer (PFE) downgraded to Equal Weight from Overweight at Morgan Stanley and to Neutral from Buy at BofA/Merrill. 2. McDonald's (MCD) downgraded to Hold from Buy at DZ Bank. 3. Booz Allen (BAH) downgraded to Market Perform from Outperform at Wells Fargo with analyst Edward Caso citing valuation. 4. Kinder Morgan (KMI) downgraded to Market Perform from Outperform at BMO Capital with analyst Danilo Juvane saying the shares are up 35% year-to-date with "no clear catalysts on the horizon." 5. Safehold (SAFE) double downgraded to Underweight from Overweight at Barclays with analyst Ross Smotrich saying strong execution, helped by declining rates, have pushed the stock up 77% year-to-date. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PSN Parsons
$37.25

0.35 (0.95%)

08/28/19
RHCO
08/28/19
NO CHANGE
Target $40
RHCO
Buy
Parsons price target raised to $40 from $37 at SunTrust
SunTrust analyst Tobey Sommer raised his price target on Parsons to $40 and kept his Buy rating after its Q2 results released earlier this month, saying he now expects the company to deliver improving organic revenue growth and margin expansion driven by its "further mix shift towards the lucrative Federal Solutions segment". The analyst finds Parsons' exposure to the space domain especially "exciting" while pointing to its total backlog growth of 10% in the most recent quarter, with "qualified pipeline" also rising to a record high of $20B. Sommer further cites the latest 2-year Defense Department cybersecurity budget increase of 5% vs. 3% in the overall budget.
06/03/19
RHCO
06/03/19
INITIATION
Target $37
RHCO
Buy
Parsons initiated with a Buy at SunTrust
SunTrust analyst Tobey Sommer initiated Parsons with a Buy rating and a price target of $37, saying he is positive on the company's "successful" sales mix shift. The analyst notes Parsons' increased exposure to the faster growing cyber, space, and intel work within Federal Solutions expected to fuel its margin and multiple expansion. Sommer adds that Parsons is "growing rapidly" in an industry with fewer small-cap names and sees its $3.1B market cap along with a "strong" organic growth profile potentially fitting the "void" for investors in search of exposure to government services solutions.
06/26/19
WELS
06/26/19
DOWNGRADE
WELS
Market Perform
Parsons downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Edward Caso downgraded Parsons to Market Perform from Outperform.
06/26/19
06/26/19
DOWNGRADE

Market Perform
Parsons downgraded to Market Perform on valuation at Wells Fargo
As previously reported, Wells Fargo analyst Edward Caso downgraded Parsons to Market Perform from Outperform, as the share now exceed his previous $36 price target. The analyst remains positive on the company's management, positioning, and the upward bias of expectations.

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Dominion

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CCK

Crown Holdings

$67.48

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CERN

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EGBN

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$43.20

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ACU

Acme United

$19.50

-0.22 (-1.12%)

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NVR

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AXP

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