Fly Intel: Top five analyst downgrades » 10:0507/0807/08/20
MO, VSTO, HUBS, BAH, CACI, NVAX
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Altria Group (MO) downgraded to Equal Weight from Overweight at Barclays with analyst Gaurav Jain saying the company is 100% U.S.-exposed and continues to lose market share. 2. Vista Outdoor (VSTO) downgraded to Neutral from Buy at B. Riley FBR with analyst Eric Wold saying the shares have increased by 115% over the past two months. 3. HubSpot (HUBS) downgraded to Neutral from Buy at Mizuho with analyst Siti Panigrahi saying the company has responded to small- and mid-sized businesses being hit hard by COVID-19 with discounts, downgrades, and large promotions. 4. Booz Allen (BAH) and CACI (CACI) were downgraded to Market Perform from Outperform at Raymond James. 5. Novavax (NVAX) downgraded to Neutral from Buy at Ladenburg with analyst Michael Higgins citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Booz Allen downgraded to Market Perform from Outperform at Raymond James » 07:1907/0807/08/20
Raymond James analyst…
Raymond James analyst Brian Gesuale downgraded Booz Allen to Market Perform from Outperform without a price target. While he remains comfortable with expectations and business momentum in the near-term, Gesuale says the downgrade reflects decelerating fundamentals in the intermediate term and potentially meaningful re-rating of defense centric service stocks lower from near historically high valuations. . The re-rate could begin to occur as investors contemplate potential political changes, slowing industry growth, and changing corporate tax laws, the analyst tells investors in a research note.
Booz Allen downgraded to Market Perform from Outperform at Raymond James » 05:1907/0807/08/20
Raymond James analyst…
Raymond James analyst Brian Gesuale downgraded Booz Allen to Market Perform from Outperform.
|Over a week ago|
Accenture, CAE and others awarded $950M ceiling Air Force contract » 17:2307/0107/01/20
ACN, CAE, LDOS, MRCY, SAIC, NTCT, BAH
Accenture (ACN), CAE…
Accenture (ACN), CAE (CAE), Leidos (LDOS), Mercury Systems (MRCY), SAIC (SAIC), Booz Allen Hamilton (BAH) and NetScout (NTCT), have been awarded $950M ceiling indefinite-delivery/indefinite-quantity contracts to compete for future efforts associated with the maturation, demonstration and proliferation of capability across platforms and domains, leveraging open systems design, modern software and algorithm development in order to enable joint all domain command and control. These contracts provide for the development and operation of systems as a unified force across all domains in an open architecture family of systems that enables capabilities via multiple integrated platforms. The locations of performance are to be determined at the contract direct order level and are expected to be completed May 28, 2025. These awards are the result of competition. FY20 research, development, test and evaluation funds will fully fund initial delivery orders. Air Force Life Cycle Management is the contracting activity.
William Blair says Booz Allen looks to have renewed 2020's biggest expiring deal » 09:4906/2906/29/20
William Blair analyst…
William Blair analyst Louie DiPalma, citing data from the federal contracts database, said that it appears that Booz Allen secured renewal for its $937M Army threat mitigation contract that was set to end in this September. He believes this was Booz Allen's largest recompete for this year and its fourth-largest task order overall, the analyst tells investors. Winning this recompete removes a significant overhang for Booz Allen, whose management indicated that this year has a greater than normal amount of recompete deals, added DiPalma, who keeps an Outperform rating on the stock.
Accenture, Booz Allen awarded on maximum $990M Air Force contract » 17:2406/1706/17/20
Accenture (ACN), Booz…
Accenture (ACN), Booz Allen (BAH) and others have been awarded a ceiling $990M multiple-award, indefinite-delivery/indefinite-quantity, firm-fixed-price contract to provide advisory and assistance services to support the Deputy Assistant Secretary of the Air Force Office of Business Transformation and deputy chief management officer in managing and improving strategic transformation initiatives at the enterprise level. Work will be performed at various locations and is expected to be completed June 16, 2027. This award is the result of a competitive acquisition and seven offers were received. FY20 operations and maintenance funds in the amount of $500 for each contract are being obligated at the time of award. Air Force District of Washington is the contracting activity.
|Over a month ago|
William Blair back Outperform on Booz Allen after USAF research lab task order » 15:4606/0506/05/20
William Blair analyst…
William Blair analyst Louie DiPalma reiterated an Outperform rating after Booz Allen on June 3 won a $559M, five-year task order to provide specialized IT engineering services within the ISR domain for the Air Force Research Laboratory's Information Directorate, which prototypes next-generation technologies. The analyst noted that the company discussed on its Q4 earnings call how it is pursuing larger awards than in the past, and that the latest from the Air Force is the company's 16th-largest contract/task order by potential dollar amount. DiPalma added that he is under the impression that the task order bundles new work and existing services.
Fly Intel: Pre-market Movers » 09:0605/2605/26/20
SNY, NVAX, MRK, ARGX, HIBB, AMWD, BAH, MGIC, PLAN, ONEM, HTZ
Check out this morning's…
Booz Allen reports Q4 adjusted EPS 73c, consensus 69c 06:5005/2605/26/20
Booz Allen sees FY21 cash from operating activities $550M-$600M 06:4905/2605/26/20