Parsons upgraded to Outperform from Market Perform at William Blair

William Blair upgraded Parsons (PSN) to Outperform from Market Perform. The company is “highly aligned” to the “four growth pillars” of the GoldenDome project, the Trump administration’s air traffic control modernization project, U.S. infrastructure modernization, and the Middle East infrastructure “boom,” the analyst tells investors in a research note. The firm views Parsons as “uniquely positioned” as one of the few contractors capable of serving as project manager and systems integrator for “these plus mega projects.” Blair believes the stock over the next year will rise over 20% as consensus numbers move higher.