Science Applications Int'l (SAIC) Tops Q4 EPS by 1c

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Science Applications (SAIC) PT Lowered to $82 at Cowen

March 31, 2017 5:46 AM EDT

Cowen lowered its price target on Science Applications (NYSE: SAIC) to $82.00 (from $90.00) while maintaining a Market Perform rating.

Analyst Cai von Rumohr said the Q4 miss and anticipated light Q1 bookings and cash flow suggest the stock will tread water until bookings recover later in the year.

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