UPDATE: Booz Allen Hamilton (BAH) PT Raised to $109 at Cowen, '#1 Defense IT Play'
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Get Alerts BAH Hot Sheet
Rating Summary:
10 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
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Cowen analyst Cai von Rumohr raised the price target on Booz Allen Hamilton (NYSE: BAH) to $109.00 (from $105.00) while maintaining a Outperform rating.
The analyst comments "We see a Q3 EPS beat, healthy book-bill/hiring, and potential FY22 EPS guide hike. These suggest strong momentum going into FY23 with est. peer-high 8-10% organic growth. Q3 is a key, likely favorable, milestone for reestablishing investor conviction of BAH as the top defense IT growth story. We reiterate our Outperform rating and raise our PT to $109, 16.5x CY22 TEV/EBITDA."
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