Why Is Booz Allen Hamilton (BAH) Stock Soaring Today

Shares of government consulting firm Booz Allen Hamilton (NYSE:BAH) jumped 5.3% in the afternoon session after Truist Securities analyst Tobey Sommer upgraded the stock from Hold to Buy. According to Streetinsider, Sommer raised the price target to $85 from $70. He said the drop in civil revenue is nearing a bottom and that strength in national security is still underappreciated. Democratic control of Congress, he said, could lower the risk of further cuts to civil spending. He also sees room fo