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Akanksha Bakshi

Raymond James Upgrades Booz Allen Hamilton To Outperform, Sees 19% Upside

Booz Allen Booz Allen Hamilton Raymond James BAH Booz Allen Hamilton Holding Corp Donald Trump NYSE

Raymond James analyst Brian Gesuale upgraded Booz Allen Hamilton Holding Corp (NYSE:BAH) to Outperform from Market Perform with a price target of $90, implying an upside of 19%.
Gesuale says this is the most appealing time to own the group since the Trump administration was in office and sees increasing geopolitical instability, multiple stability, improving fundamentals, favorable 2H22 earnings setups, and mean reversion as catalyst for the group.
Related: Booz Allen Hamilton Stock Falls On FY22 Sales Growth Outlook Cut
Additionally, Booz Allen was double-downgraded to Underperform at BofA on slowing growth.
Price Action: BAH shares traded higher by 0.17% at $75.38 on the last check Monday.

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