BofA analyst Mariana Perez Mora raised the firm’s price target on Parsons to $83 from $70 and keeps a Buy rating on the shares after the company reported a quarter of “impressive organic growth.” As a result of a strong 2023, management increased the 2025 targets set forth at the investor day, notes the analyst, who sees a path to stronger margins driven by de-risking and sunsetting lower-margin contracts, margin-accretive M&A and disciplined cost management.
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