Truist raised the firm’s price target on Booz Allen to $160 from $145 and keeps a Hold rating on the shares. The company is well positioned for FY25 with AI serving as a catalyst, the analyst tells investors in a research note. Double-digit organic growth in Defense and Civil drove upside in Booz Allen’s Q4 results and this is expected to continue, as broad-based strength across the portfolio and a $64B qualified pipeline should keep the company’s organic growth ahead of peer averages, Truist added.
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