Raymond James Downgrades Booz Allen Hamilton (BAH) to Market Perform
Raymond James analyst Brian Gesuale downgraded Booz Allen Hamilton (NYSE: BAH) from Outperform to Market Perform.
The analyst comments "We are reducing our rating on BAH to Market Perform from Outperform following this morning’s weak print and guide. The company’s heavier civil government mix and challenges aligning with the current administration along with difficult comps create a backdrop of significant organic growth deceleration from ~12% last year to ~3% this year. Margins look like they will be heavy as well given ongoing investment in long-term growth areas while backlog optics seems to have negative churn with de-bookings and expired period of performance adjustments. We are reducing our estimates in FY26/FY27 to reflect these challenges and expect the stock to retest its late-February lows."
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Shares of Booz Allen Hamilton closed at $129.13 yesterday.