Booz Allen price target raised to $158 from $138 at Wells Fargo

Wells Fargo analyst Matthew Akers raised the firm’s price target on Booz Allen to $158 from $138 and keeps an Equal Weight rating on the shares. The firm says that the company’s Q3 lived up to high expectations with another big guidance raise despite a tough funding environment. Wells remains on the sidelines as it believes valuation is still near all-time highs.