Parsons price target raised to $108 from $100 at Truist

Truist raised the firm’s price target on Parsons to $108 from $100 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm does not see the 0.9-times book-to-bill as cause for concern as it sees structural long-term demand for the Federal Solutions Segment and Critical Infrastructure segment service offerings, the analyst tells investors in a research note.