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Fly News Breaks for February 7, 2020
UIS, SAIC
Feb 7, 2020 | 08:39 EDT
SunTrust analyst Tobey Sommer raised his price target on SAIC (SAIC) to $110 and kept his Buy rating after the company's announced $1.2B acquisition of Unisys Federal unit of Unisys (UIS). The analyst is positive on the company's IT service portfolio expansion given its cross-selling synergies and expected accretion toward the company's long-term target of 3% organic growth.
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