Jefferies reiterated its Buy rating on SAIC SAI. At the same time, Jefferies left its price target on the company's stock unchanged at $20 after a meeting with the company's management.
In a research report published today, Jefferies states, "After several days of investor meetings with management, we came away with
a reinforced belief in that SAI could see some modest revenue growth by H2.
This, combined with better margins and solid share buybacks translate into
solid risk:reward at current valuation levels, in our opinion."
On Friday, SAIC closed the week at $16.20.
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Posted In: Analyst ColorAnalyst RatingsInformation TechnologyIT Consulting & Other ServicesJefferiesSAIC
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