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In a report published Thursday, Morgan Stanley analyst Suzanne E. Stein reiterated an Equal-Weight rating on
Booz Allen Hamilton Holding CorporationBAH, and raised the price target from $21.00 to $22.00.
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 make top line growth a challenge, leaving us Equal-weight. Long-term view: BAH is a best-in-class federal IT services provider with a model that is hard to replicate. Its capabilities, particularly in cyber, translate well into commercial and international markets, providing an avenue for diversification. The company's nimble cost structure and lack of exposure to wartime funding also separate it from peers.”
Booz Allen Hamilton Holding Corporation closed on Wednesday at $21.07.
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