BofA trims Booz Allen price target, calls pullback ‘overdone’

BofA lowered the firm’s price target on Booz Allen (BAH) to $160 from $175 and keeps a Buy rating on the shares. Shares have fallen by more than 20% since the company reported fiscal Q4 results last Friday as the the stock was hit by the surprising restructuring of the Civilian business despite a core FY26 outlook above expectations, says the analyst, who thinks the reaction is “overdone.” The firm continues to see Booz as a net beneficiary of the new Administration’s focus on reducing spending and increasing efficiencies, arguing that its “robust combination of technical expertise and mission intimacy” make it the “partner of choice to operationalize commercial tech to the government.” However, the firm lowered its EPS estimates and target to reflect near-term restructuring headwinds.