UBS Adjusts Price Target on Parsons to $64 From $61, Maintains Buy Rating
UBS has raised its price target for Parsons Corporation to $64 from $61 while maintaining a Buy rating on the stock.
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UBS has raised its price target for Parsons Corporation to $64 from $61 while maintaining a Buy rating on the stock.
Persimmon shares fell by 7% following the UK government's announcement of the 'Your First Home' scheme, which includes higher-than-expected developer fees and a later-than-anticipated rollout.
Parsons (PSN) reported Q3 2026 earnings of $0.89 per share, beating consensus estimates of $0.81 by 9.88%, but missed revenue expectations with $1.65 billion versus the estimated $1.66 billion. The stock has underperformed the S&P 500 by 30.7 percentage points year-to-date and carries a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market.
Parsons Corporation announced that Matt Ofilos will resign as Executive Vice President and Chief Financial Officer, effective November 6, 2026, with George Ball appointed as Interim CFO.
Parsons (NYSE:PSN) reported third-quarter financial results on Wednesday. The transcript from the company’s third-quarter earnings call has been provided below.This transcript is brought to you by Benzinga APIs. For
Parsons Corporation announced its financial results for the third quarter ended September 30, 2026, reporting revenue of $1.65 billion and adjusted EPS of $0.89.