Parsons: Still Not An Attractive Opportunity
Parsons Corporation's stock is currently near fair value following a 23% decline. The company's fundamentals are stabilizing after losing a significant confidential contract. While there is potential for growth in certain segments, a clearer operational improvement is needed before making new investments.
- ▪Parsons is trading near fair value after a 23% share price decline.
- ▪The Federal Solutions segment is expected to grow 6-7% organically due to increased US defense and intelligence spending.
- ▪The Critical Infrastructure segment provides backlog stability and modest growth opportunities.
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