Booz Allen price target lowered to $90 from $110 at Truist

Truist analyst Tobey Sommer lowered the firm’s price target on Booz Allen (BAH) to $90 from $110 and keeps a Hold rating on the shares. The firm said its Hold rating is driven by a comprehensive FY26 guidance cut; a lack of conviction in a return to growth for FedCiv; and potential risk to future margins from FedCiv price pressure. The firm believes the notable difference between Defense/Intel and FedCiv budget trends should lead to further group valuation dispersion.