Parsons price target lowered to $75 from $90 at Jefferies

Jefferies analyst Sheila Kahyaoglu lowered the firm’s price target on Parsons (PSN) to $75 from $90 and keeps a Hold rating on the shares. The firm lowered its Q4 revenue estimate 2% to $1.67B to reflect slower contract conversion post shutdown, the analyst tells investors in a research note. While the FAA modernization contract did not go Parsons’ way, the firm’s -1% organic decline in 2026 is being lowered from +5% to reflect a slower contracting environment on the $58B pipeline, Jefferies says.