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Fly News Breaks for January 7, 2016
CSRA, CACI, BAH, SAIC
Jan 7, 2016 | 07:17 EDT
Wells Fargo analyst Ed Caso upgraded SAIC (SAIC) to Outperform after raising his rating on the Government Services sector Overweight from Market Weight. The sector could offer relative strength amid the turmoil in global equities, Caso tells investors in a research note. He says the Government Services space offers defensive characteristics and improving fundamentals. Caso raised his price target range for SAIC shares to $50-$52 from $49-$51. The analyst also upgraded Booz Allen (BAH) and CACI (CACI) to Outperform. He kept an Outperform rating on CSRA (CSRA) with a $34-$35 price target range.
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