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TD Cowen Remains a Buy on Parsons (PSN)

Tipranks - Tipranks - Sat Apr 18, 2:48PM CDT

In a report released on April 13, Gautam Khanna from TD Cowen maintained a Buy rating on Parsons, with a price target of $72.00.

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Khanna covers the Industrials sector, focusing on stocks such as Booz Allen, General Dynamics, and Huntington Ingalls. According to TipRanks, Khanna has an average return of 21.4% and a 72.49% success rate on recommended stocks.

In addition to TD Cowen, Parsons also received a Buy from Citi’s John Godyn in a report issued on April 2. However, on April 14, KeyBanc downgraded Parsons (NYSE: PSN) to a Hold.

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Based on Parsons’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.6 billion and a net profit of $55.58 million. In comparison, last year the company earned a revenue of $1.73 billion and had a net profit of $201.29 million

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