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Bowman Consulting price target lowered to $36.50 from $39 at BofA

BofA lowered the firm’s price target on Bowman Consulting (BWMN) to $36.50 from $39 and keeps a Buy rating on the shares. The firm raised its 2026 and 2027 adjusted EBITDA estimates by 6% and 10%, respectively, but lowered its price target as its higher EBITDA estimates are offset by higher net debt.

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