Booz Allen price target raised to $125 from $110 at Stifel

Stifel analyst Bert Subin raised the firm’s price target on Booz Allen to $125 from $110 and keeps a Buy rating on the shares. After having recently interviewed John Larson, Booz Allen’s AI leader, to better understand and assess how the company may benefit from the recent proliferation of AI technology, the firm came away from its discussion “bullish on the company’s prospects” and Artificial Intelligence exposure, the analyst tells investors.