Parsons Selected to Help Deliver Manchester's Cemetery Brook Drain Tunnel; Three-Year Contract Valued At $16M

6/26/24 6:35:32 AM ET

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Parsons Corporation (NYSE:PSN) announced today that the company was selected by the City of Manchester, New Hampshire, to help deliver the new Cemetery Brook Drain Tunnel Project, the city's largest public works project to date. The three-year, $16 million contract includes program and construction management (PM/CM) services for the project, designed to help mitigate the risk of flooding in the city, eradicate combined sewer overflow (CSO) discharges into the Merrimack River, and secure the river as a source of clean drinking water.

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Recent Analyst Ratings for
$PSN

Date	Price Target	Rating	Analyst
10/23/2024	$115.00	Strong Buy → Outperform	Raymond James
5/3/2024	$77.00 → $90.00	Hold → Buy	TD Cowen
5/1/2024	$82.00 → $95.00	Outperform → Strong Buy	Raymond James
1/16/2024	$68.00 → $75.00	Neutral → Outperform	Robert W. Baird
1/10/2024	$74.00	Overweight	KeyBanc Capital Markets
8/14/2023	$46.00 → $65.00	Underperform → Buy	BofA Securities
7/28/2023	$50.00 → $60.00	Hold → Buy	Truist
3/28/2023		Mkt Perform → Outperform	William Blair

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Parsons Selected to Help Deliver Manchester's Cemetery Brook Drain Tunnel; Three-Year Contract Valued At $16M

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