Jefferies Upgrades SAIC, Inc. (SAI) to Buy, Says Worst Is Over

Article Stock Quotes (1) Comments (0)

Jefferies upgraded SAIC, Inc. (NYSE: SAI) from Hold to Buy with a price target of $16.

The firm cited: 1) we believe the new and re-energized management team has set very achievable guidance, 2) recently introduced, bigger than expected dividend addresses concerns re: capital deployment strategy, and provides downside protection for shares, 3) we think the Federal IT end market, while still soft, has stopped deteriorating, 4) attractive valuation.

For an analyst ratings summary and ratings history on SAIC, Inc. click here. For more ratings news on SAIC, Inc. click here.

Shares of SAIC, Inc. closed at $13.32 yesterday, with a 52 week range of $11.06-$17.65.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• SAIC (SAI) Awarded Prime Spot on $495M JPEO-CBD Contract
• Goldman Sachs Upgrades Meritor (MTOR) to Buy
• SAIC Awarded Contract By Joint Program Executive Office For Chemical And Biological Defense

Create E-mail Alert Related Categories

Upgrades

Related Entities

Jefferies & Co, Dividend

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?