Wells Fargo analyst Matthew Akers raised the firm’s price target on Booz Allen to $169 from $158 and keeps an Equal Weight rating on the shares. The firm notes initial FY25 guidance came in above the top end of its long-term 5%-8% range with 11% adjusted EBITDA margins about 50 bps ahead, likely with upside later in the year. Wells continues to look for a more attractive entry point given valuation near all-time highs.
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