Cowen Assumes Coverage on Prospecta (PRSP), Downgrades to Market Perform

June 10, 2019 1:20 AM EDT
Get Alerts PRSP Hot Sheet
Price: $29.34 --0%

Rating Summary:
    2 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 3 | New: 23
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Cowen analyst Gautam Khanna assumes coverage on Prospecta (NYSE: PRSP) with a Market Perform rating (from Outperform) and a price target of $26.00 (from $28.00).

The analyst comments "Perspecta's underlying momentum is strong, but the stock's risk-reward into the binary NGEN-R recompete award (circa H2; 17% of sales/EBITDA) is uncompelling, in our view."

For an analyst ratings summary and ratings history on Prospecta click here. For more ratings news on Prospecta click here.

Shares of Prospecta closed at $23.58 yesterday.

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