Goldman Sachs downgraded Parsons (PSN) to Neutral from Buy with a price target of $81, up from $80. The firm views the company’s fiscal 2025 outlook as a high bar and believes Parsons will continue to face growth headwinds into 2026 as it laps the $300M of Confidential contribution. Parsons screens as the most expensive name in government IT, the analyst tells investors in a research note.
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