Fly News Breaks for February 3, 2020
Feb 3, 2020 | 15:54 EDT
Raymond James analyst Brian Gesuale raised his price target for Booz Allen to $84 from $80 to reflect the company's "strong" core business and ability to produce upside earnings revisions. The analyst notes that Booz Allen continued its streak of "impressive" organic growth, EBITDA margin expansion, headcount growth, and record Q3 backlog. Execution should remain crisp, though je is modeling a moderation of organic growth to a more sustainable high-single-digit rate. Gesuale has an Outperform rating on the shares.
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