Jefferies Lifts PT on SAIC (SAI) to $19 Despite Mixed Q1
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Price: $0.87 +3.57%
Rating Summary:
1 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
1 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Jefferies boosted its price target on SAIC, Inc. (NYSE: SAI) sharply from $14.50 to $19 following mixed Q1 results, but a reiterated F14 guidance.
Analyst Jason Kupferberg comments, SAI's F1Q was mixed, with weak bookings amid a tough government budget backdrop, but revenue performance much stronger than expected. EPS was light as well. However, SAI reiterated F14 guidance, and our sum-of-the-parts analysis (Exhibits 3-7) suggests ample upside for shares, factoring in anticipated revenue and cost synergies from the pending split."
Q2 EPS trimmed to $0.30 to $0.18 and FY from $1.23 to $1.20.
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 $14.84 yesterday.
Analyst Jason Kupferberg comments, SAI's F1Q was mixed, with weak bookings amid a tough government budget backdrop, but revenue performance much stronger than expected. EPS was light as well. However, SAI reiterated F14 guidance, and our sum-of-the-parts analysis (Exhibits 3-7) suggests ample upside for shares, factoring in anticipated revenue and cost synergies from the pending split."
Q2 EPS trimmed to $0.30 to $0.18 and FY from $1.23 to $1.20.
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 $14.84 yesterday.
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