Raymond James upgraded Booz Allen (BAH) to Outperform from Market Perform with a $150 price target The firm sees the company’s “substantive” year-over-year backlog increase, $1B share buyback, and 30% post-election selloff as tilting Booz Allen’s risk/reward favorably. The company’s fundamentals continue to track at a historically strong rate while the Department of Government Efficiency has “dented” its trading multiple, mitigating future multiple compression risk “substantively,” while the budget overhang has Street expectations baking in “ample cushion for DOGE disruption and a conservative guide,” the analyst tells investors in a research note.
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