Booz Allen price target lowered to $174 from $183 at Goldman Sachs

Goldman Sachs analyst Gavin Parsons lowered the firm’s price target on Booz Allen to $174 from $183 and keeps a Buy rating on the shares. The company reported Q1 revenue in-line with consensus, but its EBITDA and EPS missed on somewhat soft margins, the analyst tells investors in a research note. Booz Allen’s new order bookings were strong, and its full-year guidance was reiterated, the firm states, adding that while its 3- year average EPS and EBITDA estimates come down by 1-2%, the company “remains very well positioned” in the national security markets.