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SAIC

SAIC

$71.44

-0.11 (-0.15%)

06:38
08/08/17
08/08
06:38
08/08/17
06:38

SAIC awarded $48M task order by National Institute of Mental Health

The National Institute of Mental Health awarded Science Applications International Corp. a task order to continue to support the full range of information technology services necessary for the centralized planning, implementation, and management support of the NIMH technology environment. The NIMH Software Development and IT Services single-award task order has a one-year base period of performance, four one-year options, and a total award value of approximately $48M, if all options are exercised. Work will be performed at the NIMH Rockville, Maryland locations.

SAIC SAIC
$71.44

-0.11 (-0.15%)

06/13/17
WELS
06/13/17
NO CHANGE
WELS
SAIC price target lowered to $75 from $80 at Wells Fargo
Wells Fargo cut its price target on SAIC after the company reported Q1 results that the firm says were "generally in-line." However, the firm notes that the company plans to increase its investments in its amphibious assault vehicles, AAV and ACV; Wells expects the company's investments to lower its EBTIDA margin by 0.3 percentage points this year. However, the firm adds that the company's bookings were "strong," while its "strong" free cash flow may enable it to accelerate its share repurchases. Wells trimmed its price target on the stock to $75 from $80 but keeps a Market Perform rating on the shares.
06/13/17
RHCO
06/13/17
NO CHANGE
Target $93
RHCO
Buy
SAIC earnings call 'dominated' by talk of increased investment, says SunTrust
SunTrust analyst Tobey Sommer said SAIC's earnings call was "dominated" by talk of increased investments in platform integration programs and he heard "skepticism" on the call about the viability of these being a margin driver. While he lowered his adjusted EBITDA estimates to account for investments, he remains convinced that SAIC's agile approach lowers customers' total cost of ownership. Sommer, who expects platform integration to be a significant catalyst for margin expansion, keeps a Buy rating and $93 price target on SAIC shares.
07/17/17
JEFF
07/17/17
DOWNGRADE
Target $66
JEFF
Hold
SAIC downgraded to Hold from Buy at Jefferies
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.
07/17/17
07/17/17
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. Cemex (CX) downgraded to Sell from Neutral at Citi with analyst Dan McGoey saying the share are ahead of themselves following the recent rally. 2. Wabtec (WAB) downgraded to Hold from Buy at Stifel with analyst Michael Baudendistel citing valuation. 3. SAIC (SAIC) downgraded to Hold from Buy at Jefferies with analyst Sheila Kahyaoglu saying the company's relatively concentrated portfolio with 25% of contracts exposed to re-competes is likely to drive "muted" revenue expansion. 4. Booz Allen (BAH) downgraded to Hold from Buy at Jefferies with analyst Sheila Kahyaoglu saying she believes the Department of Justice's civil and criminal investigation into the company's indirect cost accounting practices creates an overhang. 5. Brookfield Renewable (BEP) downgraded to Market Perform from Outperform at Raymond James with analyst Frederic Bastien citing strong share performance. 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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CEL-SCI

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ACM

Aecom

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LMT

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LMT

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General news
Week ending ETF Scorecard: Utilities and Real Estate advance, Industrials slump »

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PFNX

Pfenex

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BXE

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LOGI

Logitech

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APLS

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SPX

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MGTX

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FOXA

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SBBP

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Options
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COOL

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