Booz Allen Hamilton Stock Upgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Consulting company Booz Allen Hamilton (NYSE: BAH) is one of the Pentagon's favorite defense contractors, racking up billions of dollars of Defense Department contracts every year. The company ran into a bit of trouble this past summer, when the Department of Justice announced a "civil and criminal investigation" into activities at a Booz Allen subsidiary accused of using hinky accounting in its "cost charging practices with the U.S. government."
That investigation cost Booz Allen Hamilton a 20% hit to its stock price back in June, when the investigation was first reported in the pages of The New York Times. Booz Allen eventually clawed its way back to where its stock price was before the scandal broke, but then an earnings report on Monday hit shares with another 4% drop.
Source: Fool.com
Booz Allen Hamilton A Stock
We see a rather positive sentiment for Booz Allen Hamilton A with 11 Buy predictions and 2 Sell predictions.
With a target price of 157 € there is a slightly positive potential of 7.31% for Booz Allen Hamilton A compared to the current price of 146.3 €.
