Morgan Stanley Maintains Overweight on Booz Allen Hamilton Holding Corporation (BAH)

Morgan Stanley is out with its report today on Booz Allen Hamilton Holding Corporation

, maintaining Overweight. In a note to clients, Morgan Stanley writes, "Investors focused on two key themes during last week's road show with CEO Dr. Ralph Shrader and CFO Sam Strickland: 1) Potential federal budget cuts; and 2) Commercial / international opportunities. Mgmt seemed very confident in its ability to grow and hit its guidance regardless of whether Congress achieves the spending cuts that some are proposing, and early data points suggest that BAH will hit the ground running once its non-compete expires in July. We remain positive on BAH and like the compelling risk/reward." At the time of posting, shares of BAH were trading pre-market at $18.51, up 0.05% from Friday's close.