Parsons price target raised to $80 from $70 at Jefferies

Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on Parsons (PSN) to $80 from $70 and keeps a Hold rating on the shares. The firm is lowering 2025 revenues from $7.1B to $6.6B by removing second half of the year Confidential revenues and $75M in broader FS portfolio for bidding uncertainty. Margins remain at 9.3% as Confidential pressure in FS is offset by optimistic second half for CI on Middle East revenue drop-through.