William Blair Downgrades Parsons Citing 2022 Revenue Outlook Risk

December 15, 2021 2:50 PM | 1 min read |

William Blair analyst Louie DiPalma downgraded Parsons Corp PSN to Market Perform from Outperform without a price target.
DiPalma mentions that the company's organic growth should rebound in 2022, but not as much as consensus estimates imply.
The analyst says Parsons should benefit from the $1.2 trillion Infrastructure Investment and Jobs Act, but the company has cautioned that it may not see stimulus contributions until late 2022 or early 2023.
DiPalma sees an increased risk that Parsons will guide 2022 revenue below consensus when it reports Q4 results in February.
Price Action: PSN shares are trading lower by 6.43% at $31.20 on the last check Wednesday.