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SAIC

SAIC

$82.99

-7.4 (-8.19%)

17:31
09/06/19
09/06
17:31
09/06/19
17:31

SAIC awarded $950M Defense Logistics Agency contract

SAIC has been awarded a maximum $950M fixed-priced, indefinite-delivery/indefinite-quantity contract for a variety of Federal Supply Group 80 items. This was a competitive acquisition with three offers received. This is a three-year base contract with two, two-year option periods. Work has a September 5, 2022, performance completion date. Using military services are Army, Navy, Air Force and Marine Corps. Type of appropriation is FY19 through FY22 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support.

  • 11

    Sep

SAIC SAIC
$82.99

-7.4 (-8.19%)

05/16/19
05/16/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Macy's (M) upgraded to Neutral from Sell at Goldman Sachs with analyst Alexandra Walvis saying she sees a more balanced risk/reward in the wake of the stock's recent underperformance. 2. SAIC (SAIC) upgraded to Outperform from Market Perform at Wells Fargo with analyst Edward Caso saying he has "growing comfort" with the company's ongoing integration of its Engility acquisition and sees the deal producing a "notable improvement" in free cash flow. 3. Scorpio Tankers (STNG) upgraded to Overweight from Neutral at JPMorgan with analyst Noah Parquette saying he's seen a considerable increase in interest from investors in the IMO 2020 product tanker story in recent weeks. 4. KB Home (KBH) and Taylor Morrison (TMHC) were upgraded to Outperform from Sector Perform at RBC Capital. 5. MYR Group (MYRG) upgraded to Buy from Hold at Stifel with analyst Noelle Dilts saying she sees "compelling dynamics" in the electric transmission and distribution market as utilities move investment toward power delivery in order to address reliability concerns, the need for grid hardening, and aging infrastructure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/03/19
MSCO
06/03/19
INITIATION
Target $96
MSCO
Overweight
SAIC initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Matthew Sharpe initiated coverage of the Government Services industry, starting SAIC with an Overweight rating and calling it is top pick in the space. The analyst, who set a $96 price target on SAIC shares, said he favors the company's free cash flow generation and notable synergy opportunities via the recent Engility merger.
06/07/19
RHCO
06/07/19
NO CHANGE
Target $100
RHCO
Buy
SAIC price target raised to $100 from $92 at SunTrust
SunTrust analyst Tobey Sommer raised his price target on SAIC to $100 and kept his Buy rating, saying the company's integration of Engility could drive its free cash flows higher and making the stock look "cheaper" on cash flow yield valuation basis. The analyst notes that SAIC currently trades at a 6% free cash flow yield relative to enterprise value, but if the stock "normalized" to peer group average of 4.3%, its fair valuation could be as high as $130. Sommer further states that SAIC already realized the expected acquisition synergies for Engility's first full year of integration of business development and operations, with further integration expected for the companies' enterprise systems starting in Q3.
07/09/19
SBSH
07/09/19
DOWNGRADE
Target $230
SBSH
Neutral
CACI downgraded to Neutral from Buy at Citi
Citi analyst Jonathan Raviv downgraded both CACI International (CACI) and Leidos (LDOS) to Neutral from Buy citing valuation. While the company's fundamentals "look good," shares of CACI are up 45% year-to-date, Raviv tells investors in a research note. He raised his price target for CACI shares to $230 from $200. The analyst maintains a Buy rating on SAIC (SAIC) with a $100 price target, saying the company's enjoys "more valuation cushion" yielding greater than 10%.

TODAY'S FREE FLY STORIES

TBIO

Translate Bio

$11.01

0.405 (3.82%)

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SWK

Stanley Black & Decker

$144.45

0.73 (0.51%)

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LEN

Lennar

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-0.23 (-0.43%)

21:02
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WHR

Whirlpool

$152.15

3.4 (2.29%)

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TELL

Tellurian

$8.33

-0.1 (-1.19%)

20:44
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NEXT

NextDecade

$6.30

-0.1 (-1.56%)

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LINX

Linx S.A.

$7.74

0.22 (2.93%)

20:32
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20:32
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20:25
09/17/19
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20:25
Conference/Events
Morgan Stanley steel analyst to hold an analyst/industry conference call »

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GIS

General Mills

$55.03

0.48 (0.88%)

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ROAD

Construction Partners

$14.39

-0.42 (-2.84%)

20:10
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NVST

Envista

$0.00

(0.00%)

19:58
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19:58
Syndicate
Envista 26.77M share IPO priced at $22.00 »

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  • 17

    Sep

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    Sep

INVH

Invitation Homes

$28.49

0.31 (1.10%)

19:51
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19:51
Syndicate
Invitation Homes 44M share Spot Secondary priced at $28.25 »

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  • 18

    Sep

AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

, NCMI

National CineMedia

$8.35

0.25 (3.09%)

19:49
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AMC Entertainment corrects 'inaccurate' statement by National CineMedia »

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AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

NCMI

National CineMedia

$8.35

0.25 (3.09%)

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  • 09

    Oct

BA

Boeing

$384.61

5.74 (1.52%)

19:01
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  • 02

    Oct

O

Realty Income

$75.76

1.81 (2.45%)

18:56
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Realty Income raises monthly cash dividend to 22.7c per share from 22.65c »

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

, CDW

CDW

$113.91

0.94 (0.83%)

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CDW

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TELL

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NEXT

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FDX

FedEx

$173.53

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XPO

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$73.83

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CHWY

Chewy

$30.20

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ADBE

Adobe

$284.59

1.54 (0.54%)

IOTS

Adesto Technologies

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PTCT

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TBIO

Translate Bio

$11.01

0.405 (3.82%)

ACAD

Acadia

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-1.45 (-3.29%)

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YUMA

Yuma Energy

$5.08

-0.05 (-0.97%)

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ADBE

Adobe

$284.59

1.54 (0.54%)

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ARAY

Accuray

$3.09

-0.03 (-0.96%)

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FBK

FB Financial

$38.33

-0.36 (-0.93%)

18:29
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  • 23

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GM

General Motors

$38.28

1.07 (2.88%)

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Periodicals
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TOT

Total

$52.85

0.08 (0.15%)

18:25
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Periodicals
Total CEO says Saudi oil facility strikes will have consequences, Reuters says »

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  • 24

    Sep

SMMF

Summit Financial Group

$25.96

-0.29 (-1.10%)

18:02
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STLD

Steel Dynamics

$30.93

-0.89 (-2.80%)

18:01
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Earnings
Steel Dynamics sees Q3 EPS 66c-70c, consensus 71c »

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FDX

FedEx

$173.53

-0.14 (-0.08%)

18:00
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Breaking Hot Stocks news story on FedEx »

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