Goldman Sachs lowered the firm’s price target on Parsons (PSN) to $80 from $90 and keeps a Buy rating on the shares. Parsons’ 8K yesterday is indicating the company was removing the anticipated financial effects of its confidential contract from its 2025 guidance post June, and at the midpoint, its new guidance lowers the revenue outlook by 10% and adjusted EBITDA by 10%, the analyst tells investors in a research note. The stock was up today however, suggesting that the disclosure was at least partially expected, and the firm believes investors will likely begin to look to FY26 for signs of total company organic growth acceleration and margin expansion, Goldman Sachs added.
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Read More on PSN:
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