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Benzinga

Akanksha Bakshi

Here's Why Cowen Reduced Booz Allen Hamilton Price Target

Booz Allen Cowen BAH Booz Allen Hamilton Holding Corp NASA NYSE Environment

Booz Allen Hamilton Holding Corp's (NYSE:BAH) price target has been lowered to $103 (an upside of 26%) from $109 by Cowen analyst Cai von Rumohr.
The analyst maintained the Outperform ratings on the shares.
Rumohr believes BAH is a pure-play defense IT leader positioned for the sector's fastest organic growth in 2023.
Also Read: Booz Allen Secures First-Ever NASA CyPrESS Contract
The analyst added that crucial drivers are robust booking potentials and an improving net hiring environment.
Price Action: BAH shares are trading lower by 1.85% at $81.34 on the last check Tuesday.

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