Booz Allen price target raised to $127 from $125 at Stifel

Stifel analyst Bert Subin raised the firm’s price target on Booz Allen to $127 from $125 and keeps a Buy rating on the shares after the company reported quarterly results. The firm believes Booz will have a fairly easy setup to hit its previous guidance targets, though management surprisingly did not opt to raise guidance and rather reaffirmed everything except net-CFO, which was lowered to reflect the recent legal settlement. The main takeaway from the earnings report is that momentum is intact and the company is growing at the highest pace in its public history, the analyst tells investors in a research note.