Barclays upgraded Booz Allen (BAH) to Equal Weight from Underweight with an unchanged price target of $140. Government services has significantly underperformed defense and is now relatively inexpensive, the analyst tells investors in a research note. The firm does not see disproportionate budget risk for the group in 2025. Like the past several years, Barclays sees aerospace generating positive relative earnings growth and further outperformance in 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAH:
- Booz Allen to pay $15.875M to resolve DOJ False Claims Act allegations
- Booz Allen call volume above normal and directionally bullish
- Trump Trade: Amazon plans $1M donation to Trump’s inaugural fund
- Booz Allen Announces Leadership Changes in Defense Sector
- Booz Allen price target lowered to $140 from $175 at Barclays