• Jefferies downgrades NYSE:PSN to "Hold" with a revised price target of $75, down from $90.
• Parsons secures an $88 million task order, boosting its ABAD program value to approximately $192 million for 2025.
• Despite market fluctuations, Parsons' strategic contract wins and initiatives drive a positive outlook.

Parsons Corporation, trading under the symbol NYSE:PSN, is a key player in the defense and infrastructure sectors. The company provides technology-driven solutions in defense, intelligence, and critical infrastructure. With a market capitalization of approximately $6.99 billion, Parsons competes with other defense contractors in securing government contracts and delivering advanced technological solutions.

On December 11, 2025, Jefferies adjusted its rating for Parsons to "Hold," with the stock priced at around $65.50. This adjustment came alongside a revised price target, lowered from $90 to $75. Despite this, Parsons' stock has shown resilience, driven by recent contract wins and strategic initiatives.

Parsons recently secured an $88 million task order to enhance air defense systems at the USAFE-AFAFRICA in Germany. This contract is part of the ABAD program, increasing Parsons' total value under this initiative to approximately $192 million for 2025. This development has positively impacted the company's stock performance, as highlighted by TD Cowen's Gautam Khanna, who upgraded Parsons' stock rating to Buy from Hold.

The three-year contract involves hardware procurement, system integration, and specialized training, ensuring operational readiness and enhanced security capabilities. Despite the positive outlook, Khanna adjusted his price target to $75, down from $90, aligning with Jefferies' revised target. This reflects a cautious approach amid market fluctuations.

Currently, NYSE:PSN is priced at $65.44, experiencing a 2.36% decrease today, with a trading range between $65.32 and $67. Over the past year, the stock has seen a high of $99.04 and a low of $54.56. With a trading volume of 823,157 shares, Parsons remains a significant player in the defense sector, navigating market dynamics and capitalizing on strategic opportunities.