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UBS Reaffirms Their Buy Rating on Parsons (PSN)
UBS analyst Gavin Parsons maintained a Buy rating on Parsons today and set a price target of $85.00.
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Parsons covers the Industrials sector, focusing on stocks such as Boeing, Booz Allen, and General Dynamics. According to TipRanks, Parsons has an average return of 11.4% and a 63.25% success rate on recommended stocks.
Parsons has an analyst consensus of Strong Buy, with a price target consensus of $80.50.
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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