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Why Parsons Stock Raced 4% Higher Today

TheMotleyFool

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Defense stock Parsons (NYSE: PSN) was a stock market winner on Thursday. The second-to-last day of the trading week saw the company's share price improve by 4% thanks in no small part to a positive analyst note. That little pop was sufficient to convincingly beat the S&P 500 index's 0.8% Thursday gain.

Before market open, Tobey Sommer of Truist Securities published a new research note on Parsons in which he reiterated his buy recommendation on the company's shares.

Image source: Getty Images.

Source Fool.com

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