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Parsons would benefit from Elon Musk's withdrawal from DOGE
BofA sees pullbacks as a buying opportunity with 75% potential
P/E ratio of about 17 seems attractive again
Reading Time: 1 minute
Parsons (PSN) has become interesting again as a leading provider of consulting and engineering services following a sell-off of over 50% since November. The stock could establish a new upward trend for the following reasons: Cost savings of $50 billion in fiscal year 2026 are set to be invested in prioritized U.S. programs. Parsons has aligned its strong portfolio, with 56%, towards the U.S. federal government and sectors such as missile defense, aviation, electronic warfare, cyber, countermeasures for cruise missiles and hypersonics, border...
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