Hold Rating on Booz Allen Due to Macroeconomic Challenges and Overly Optimistic Financial Estimates
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Gautam Khanna has downgraded Booz Allen's rating from Buy to Hold, citing macroeconomic challenges and overly optimistic financial estimates. The price target is set at $105, reflecting concerns over the federal government's shutdown and budget constraints impacting growth. Booz Allen's backlog is at a record low, and achieving sales guidance seems unlikely without increased funding. UBS also maintains a Hold rating with a $115 price target. Overall, these factors contribute to the cautious outlook on Booz Allen's performance.
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