Truist raised the firm’s price target on Booz Allen (BAH) to $98 from $90 and keeps a Hold rating on the shares. The firm raised its FY27 and FY28 earnings per share estimates for Booz Allen to account for tax related tailwinds and expected cost reductions, adding that it believes the company could benefit from forecasted growth in Defense spending/incremental One Big Beautiful Bill funding. The firm added that it thinks Civil spending is likely to be a source of future cuts in coming years.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAH:
- Midday Fly By: TikTok forms U.S. JV, Intel guidance underwhelms
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- TD says Booz Allen may rally on high short interest, ‘better than feared’ Q3
- Video: Nvidia rises on China hopes, Intel pulls back after guidance
- Morning Movers: Nvidia up after report of potential China move on H200 chips