Parsons Corporation (PSN) stock witnessed a sharp decline of 5.05% in the pre-market trading session on Friday, following a downgrade by analysts at TD Cowen.
The defense and engineering firm's stock took a hit after TD Cowen lowered its rating on Parsons from "Buy" to "Hold" and slashed the price target from $105 to $56. This negative analyst action contributed significantly to the plummet in the company's share price.
Analyst downgrades and price target revisions often carry substantial weight in the market, particularly for companies operating in sectors such as defense and engineering, where analyst views play a crucial role in shaping investor sentiment and stock valuations.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。