BofA analyst Mariana Perez Mora lowered the firm’s price target on Parsons (PSN) to $95 from $100 and keeps a Buy rating on the shares after the company issued an 8-K outlining revised 2025 guidance that removes the confidential contract related to Afghan Special Immigration Visas for the period after June following the May 29 Department of State reorganizational announcement that could eliminate the Coordinator for Afghan Relocation Efforts office. The firm is cutting its price target to reflect the contract removal going forward, the analyst noted.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSN:
- Parsons chosen for Austin-Bergstrom International Airport contract
- Closing Bell Movers: Credo Technology jumps 11% on earnings
- Parsons cuts FY25 revenue view to $6.45B-$6.65B from $7.0B-$7.75B
- Parsons Adjusts 2025 Financial Guidance Amid Contract Changes
- Jefferies says CARE elimination cancels ‘fifth step’ in Parsons program