Parsons Corporation (PSN) Initiated with a Buy at Cowen & Co.

By Austin Angelo

Parsons Corporation (PSNResearch Report) received a Buy rating and a $35 price target from Cowen & Co. analyst Cai Rumohr today. The company’s shares closed on Friday at $31.75.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 13.2% and a 67.3% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.

Parsons Corporation has an analyst consensus of Hold.

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The company has a one-year high of $33.67 and a one-year low of $27. Currently, Parsons Corporation has an average volume of 1.5M.

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Parsons Corp. provides engineering, design, planning, and construction management services. It offers solutions for commercial, federal, transportation, and water resources. The company delivers engineering, construction, systems and resource integration, project and program management, and environmental services to customers.