Barclays analyst Adam Seiden initiated coverage of Parsons (PSN) with an Overweight rating and $70 price target The firm views the recent selloff in the shares as a buying opportunity. Parsons has a “significant opportunity” in both U.S. and Middle East government projects, the analyst tells investors in a research note. The firm likes the company’s exposure to the “stable and auspicious” U.S. infrastructure market.
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