SAIC Announces Second Quarter of Fiscal Year 2019 Results

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Vertical Research Partners Downgrades Science Applications (SAIC) to Hold on EGL Deal

September 11, 2018 7:37 AM EDT

Vertical Research Partners analyst Krishna Sinha downgraded Science Applications (NYSE: SAIC) from Buy to Hold with a price target of $80.00 after the company agreed to acquire EGL, paying 14.4x consensus EBITDA.

The analyst EGL portfolio seems low quality, growth already on the... More