This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEAAP0BV_M.jpg
According to the bank, Parsons is poised to benefit from the improved market sentiment on government services and the potential opportunities linked to the US Infrastructure Bill.
Earlier this month, the company reported impressive earnings for Q2/23, once again exceeding Street estimates and raising its guidance for the full year.
The bank anticipates robust growth for Parsons, favorable prospects stemming from M&A, and improved sentiment in the end markets.
“On a macro level, PSN has done significantly better on a hiring and retention front and has benefitted from strong contracting activity. We see significant opportunities for growth as a result of increased global infrastructure spend, environmental remediation efforts, and cybersecurity,” added BofA Securities.
