Booz Allen price target raised to $158 from $144 at TD Cowen

TD Cowen analyst Cai von Rumohr raised the firm’s price target on Booz Allen to $158 from $144 and keeps an Outperform rating on the shares. The firm said they posted a blowout Q3, coupled with robust bookings and strong hiring, with a strong book-to-bill in what is the company’s normally weakest quarter for awards.