UPDATE: Morgan Stanley Initiates Coverage on Booz Allen Hamilton on Mixed Factors

In a report published Tuesday, Morgan Stanley analyst Suzanne E. Stein initiated coverage on

with an Equal-Weight rating and $21.00 price target. In the report, Morgan Stanley noted, “A lack of exposure to wartime funding, a flexible cost structure and the potential for diversification separate BAH from peers. However, federal budget uncertainties, which could linger, make top line growth a challenge. Initiate at Equal-Weight.” Booz Allen Hamilton Holding Corporation closed on Monday at $19.38.