Truist Keeps Hold on Booz Allen, Flags Civil Contract Headwinds Amid Treasury Cancellations
Truist Securities has reiterated a Hold rating on Booz Allen Hamilton with a $98 price target as the firm weighs recent contract cancellations by the U.S. Treasury and a softer revenue performance against stronger-than-expected earnings per share. The Treasury’s action, tied to a historic tax data leak, affects a small portion of the company’s reve…