Reported 2 days ago
Raymond James has downgraded Booz Allen Hamilton from Outperform to Market Perform due to disappointing financial results and a weak growth forecast, with expectations for organic growth to fall from 12% to around 3%. The firm cites a greater reliance on civil government contracts and the challenges of matching previous growth rates as key factors behind this decision. Additionally, Booz Allen announced a 7% reduction in its workforce, further reflecting its strained profit margins from long-term investments. Analysts have revised the company's outlook for fiscal years 2026 and 2027, predicting the stock may return to its earlier lows.
Source: YAHOO