Parsons price target raised to $101 from $68 at Benchmark

Benchmark raised the firm’s price target on Parsons to $101 from $68 and keeps a Buy rating on the shares. Parsons posted “robust” Q2 results as well as raised FY24 guidance, “directly confronting concerns over Saudi infrastructure pacing,” the analyst tells investors. Parsons’ portfolio is “emerging as one of the more politically agnostic infrastructure plays heading into Presidential election cycle,” the analyst added.