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Fly News Breaks for July 17, 2017
SAIC
Jul 17, 2017 | 07:25 EDT
Jefferies analyst Sheila Kahyaoglu downgraded SAIC to Hold and lowered her price target for the shares to $66 from $98 after assuming coverage of the name. The company's relatively concentrated portfolio with 25% of contracts exposed to re-competes is likely to drive "muted" revenue expansion, the analyst contends.
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