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Fly News Breaks for December 9, 2016
SAIC
Dec 9, 2016 | 07:46 EDT
SunTrust analyst Tobey Sommer raised the price target on SAIC after the company reported higher than expected Q3 EPS but slightly lower than expected revenue. The analyst says that the $14B in bids submitted by the company for contracts yet to be awarded "reflect a more profitable mix." As a result, Sommer expects the company's positive momentum to continue. The analyst keeps a Buy rating on the shares.
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