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SAIC

SAIC

$67.60

-0.08 (-0.12%)

16:36
10/18/16
10/18
16:36
10/18/16
16:36

SAIC wins SSC Pacific contract to support cyberspace operations systems

The Space and Naval Warfare Systems Center Pacific awarded Science Applications International an indefinite-delivery, indefinite-quantity contract to provide services examining the architecture, engineering, functionality, interface, and interoperability of Cyberspace Operations systems for users within the U.S. Navy, the U.S. Marine Corps, the Department of Defense, and other government agencies. This multiple-award contract has a one-year base period of performance, one one-year option, and a potential value of more than $142M for all awardees. SAIC is one of seven awardees. Work will be performed in San Diego, California. Under the contract, SAIC will provide services and capabilities at the tactical, operational, and strategic levels that analyze vulnerabilities to existing networks and provide accreditation to systems to ensure compliance with DoD requirements. Additional support will include requirements verification and validation, engineering analysis, technical documentation, software and hardware design, implementation and systems integration, and test, evaluation and demonstration.

SAIC SAIC
$67.60

-0.08 (-0.12%)

09/09/16
COWN
09/09/16
DOWNGRADE
Target $71
COWN
Market Perform
SAIC downgraded to Market Perform from Outperform at Cowen
Cowen analyst Cai von Rumohr downgraded SAIC to Market Perform following the Q2 beat citing valuation and raised its price target to $71 from $64.
09/09/16
SBSH
09/09/16
NO CHANGE
Target $79
SBSH
Buy
SAIC price target raised to $79 from $67 at Citi
In a research note titled "Still a Buy despite all-time high," Citi analyst Jonathan Raviv raised his price target for SAIC to $79 from $67 following the company's Q2 results. Some profit taking in the coming days is likely with the stock up 75% from the February lows, Raviv tells investors in a research note. The analyst, however, remains positive on SAIC's cash deployment, valuation and margin potential. He keeps a Buy rating on the name.
09/09/16
DRXL
09/09/16
DOWNGRADE
DRXL
Hold
SAIC downgraded to Hold from Buy at Drexel Hamilton
Drexel Hamilton analyst Michael French downgraded SAIC to Hold citing the recent strength in shares.
09/09/16
09/09/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JPMorgan (JPM) downgraded to Neutral from Outperform at Macquarie with analyst David Konrad citing valuation. 2. CarMax (KMX) downgraded to Neutral from Buy at Buckingham with analyst Glenn Chin citing valuation. 3. Eaton (ETN) and Ingersoll-Rand (IR) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jeffrey Hammond citing his more cautious outlook for nonresidential construction. 4. Estee Lauder (EL) downgraded to Hold from Buy at Argus with analyst John Staszak saying it will be difficult for the company to achieve further market share gains, given increased competition, slowing growth in the premium beauty products space, and a "challenging" macro environment. 5. SAIC (SAIC) downgraded to Market Perform from Outperform at Cowen and to Hold from Buy at Drexel Hamilton. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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