Stifel resumed coverage of Booz Allen (BAH) with a Hold rating and $112 price target Booz Allen and the defense consultants “are in the cross-hairs of the government reforms,” and this will continue to weigh on the company’s multiple and sentiment, the analyst tells investors in a research note. The firm says its Hold rating reflects the increased uncertainty around Booz Allen’s business and expectations for “muted” organic revenue growth and margins to be flattish in fiscal 2025.
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