Booz Allen price target raised to $145 from $120 at Truist

Truist raised the firm’s price target on Booz Allen to $145 from $120 but keeps a Hold rating on the shares. The company reported another strong quarter as revenues grew 13% organically and EBITDA margins topped 11% for the third consecutive quarter, the analyst tells investors in a research note. Truist adds however that it remains at neutral on the stock as its Enterprise Value to expected EBITDA multiple fairly captures the company’s superior organic growth profile and its market leadership in the AI domain.