TD Cowen raised the firm’s price target on Booz Allen to $144 from $123 and keeps an Outperform rating on the shares. The firm said its organic revenue gain was its strongest since its 2010 IPO suggesting management’s guidance for 2023 is low.
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- Booz Allen price target raised to $125 from $108 at Barclays
- Booz Allen price target raised to $127 from $125 at Stifel
- Booz Allen cuts FY24 net cash from operating activities view to $160M-$260M
- Booz Allen backs FY24 adjusted EPS view $4.80-$4.95, consensus $4.95
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