Baird raised the firm’s price target on Parsons to $89 from $85 and keeps an Outperform rating on the shares. The firm said they posted another very strong quarter of industry-leading organic growth which was largely expected, and noted shares were down modestly against a guidance hike that was seen as insufficient.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSN: