Parsons price target lowered to $76 from $102 at KeyBanc

KeyBanc lowered the firm’s price target on Parsons (PSN) to $76 from $102 and keeps an Overweight rating on the shares. The firm says that the Q4 adjusted EBITDA miss on legacy construction charges and lower than expected 2025 guidance due to normalizing activity on confidential contract were disappointing.

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