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BofA Securities upgraded Parsons (NYSE:PSN) to Buy from Underperform and raised its price target to $65.00 from $46.00 on stronger-than-expected growth from both organic and inorganic opportunities.
According to the bank, Parsons is poised to benefit from the improved market sentiment on government services and the potential opportunities linked to the U.S. 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.
RBC Capital upgraded Hexcel (NYSE:HXL) to Outperform from Sector Perform and raised its price target to $85.00 from $75.00, as reported in real-time on InvestingPro.
Nextdecade (NASDAQ:NEXT) shares gained more than 3% pre-market today after Stifel upgraded the company to Buy from Hold and raised its price target to $9.00 from $7.50.
The firm believes the risk-reward is positively skewed following the approval of the Rio Grande LNG phase 1 and the subsequent drop in the stock price.
Janney upgraded Consolidated Water (NASDAQ:CWCO) to Buy from Neutral. As a result, shares jumped 13% yesterday, adding to more than an 11% gain on Friday, which followed the better-than-expected Q2 earnings report.
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