Jefferies Raises Price Target on Science Applications Int'l (SAIC) to $68 Following 1Q

Jefferies reiterated a Buy rating on Science Applications Int'l (NYSE: SAIC), and raised the price target to $68.00 (from $61.00), following the company's 1Q earnings report.

Analyst Amit Singh commented, "Following SAIC's F1Q17 results on 6/13, management's commentary and near/ long-term outlook, we are updating our F17 and F18 revenue and EPS estimates. We are also raising our PT from $61 to $68, and maintain our Buy-rating."

For an analyst ratings summary and ratings history on Science Applications click here. For more ratings news on Science Applications click here.

Shares of Science Applications closed at $58.01 yesterday.

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