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.
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