Booz Allen price target raised to $120 from $115 at Jefferies

Jefferies raised the firm’s price target on Booz Allen to $120 from $115 and keeps a Buy rating on the shares after having toured Booz Allen’s Center for Innovation, The Helix, and met with the COO and company’s President of Civil. The company cannot calculate AI revenues as it’s embedded into its overall mix, but Booz Allen is the largest provider of AI to the U.S. government, has been supplying AI solutions since 2011 and has two of the largest federal AI contracts, namely eMAPS and JAIC, the analyst tells investors following the meetings.