Parsons downgraded to Hold from Buy at TD Cowen

TD Cowen downgraded Parsons (PSN) to Hold from Buy with a price target of $56, down from $105. The company’s “sharp 2025 rowth deceleration and downward revision bias to guidance reverse the stock’s “beat/raise momentum,” the analyst tells investors in a research note. The firm says this “thesis drift” is “too large to ignore.”

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