Here's Why Cowen Reduced Booz Allen Hamilton Price Target

• Booz Allen Hamilton Holding Corp's (NYSE:BAH) price target has been lowered to $103 (an upside of 26%) from $109 by Cowen analyst Cai von Rumohr.
• The analyst maintained the Outperform ratings on the shares.
• Rumohr believes BAH is a pure-play defense IT leader positioned for the sector's fastest organic growth in 2023.
• Also Read: Booz Allen Secures First-Ever NASA CyPrESS Contract
• The analyst added that crucial drivers are robust booking potentials and an improving net hiring environment.
• Price Action: BAH shares are trading lower by 1.85% at $81.34 on the last check Tuesday.