Keybanc Initiates Coverage On Parsons Corp with Overweight Rating, Announces Price Target of $74
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Sangita Jain has initiated coverage on Parsons Corp (NYSE:PSN) with an Overweight rating and set a price target of $74. This new coverage could influence investor sentiment and potentially affect the stock's performance in the short term.

January 10, 2024 | 12:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Parsons Corp receives an Overweight rating from Keybanc with a price target of $74, suggesting a positive outlook from the analyst which may lead to increased investor interest.
Analyst ratings, especially initiations of coverage with positive outlooks, can have a significant impact on stock prices as they often lead to increased investor interest and confidence in the company's future performance. The Overweight rating and high price target set by Keybanc for Parsons Corp indicate a bullish stance on the stock, which could result in a short-term price increase as the market reacts to the new coverage.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100